Medical device maker Philips will pay $1.1 billion to settle personal injury lawsuits in the U.S. over its defective sleep apnea machines.
FILE - The Philips Center is seen, Jan. 27, 2015, in Amsterdam, Netherlands. Philips will pay $1.1 billion to settle personal injury lawsuits in the U.S. over its defective sleep apnea machines. The announcement Monday, April 29, 2024 is another step toward resolving one of the biggest medical device recalls in history, which has dragged on for nearly three years. – Medical device maker Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S.
Company CEO Roy Jakobs said in a statement the recent settlements are"significant milestones and provide further clarity on the way forward for Philips.”
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