Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty ...
Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that has rocked the company.
Millions of Philips sleep apnea devices were recalled in 2021 over concerns that they carried a potential cancer risk.
Philips Respironics announced that it agreed to pay over a billion dollars to settle claims stemming from the 2021 U.S.
During its first-quarter earnings report this week, Philips, the health technology company, announced it agreed to pay $1.1 ...
Philips’ market valuation still remains 35% lower than before the start of the issues, which have seen the company swap out its chief executive officer and cut 10,000 positions to save costs.
Electronics giant Philips has reached a $1.1 billion settlement deal with patients who claim the firm's sleep apnea machines caused their cancers and other diseases. The Dutch company will shell ...
Dutch manufacturer Philips has agreed to pay $1.1 billion to settle lawsuits regarding some models of its devices to treat ...
How long does Philips take to deliver? Philips offers shipping in 2-5 business days across the US. If you order multiple products they may be shipped separately and arrive at different times.
Philips said the settlement payments are expected to take place in 2025 and will be funded through cash flow generation.
Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that has rocked the company.
Philips, which has had to cut thousands of jobs, posted losses of 463 million euros ($501 million) over the full year in 2023. It reported on Monday a loss of 824 million euros in the first ...