By Christian Moess Laursen Royal Philips has reached an agreement to resolve all U.S. litigation claims related to its recall of sleep apnea machines, it...
Royal Philips has reached an agreement to resolve all U.S. litigation claims related to its recall of sleep apnea machines, it said Thursday.
The Dutch health-technology company said the agreement--which is subject to court approval--will provide predefined cash awards to all eligible participants in the U.S, as well as compensate individuals who bought replacement devices post-recall.Philips Respironics has recorded a 575 million euros provision in the first quarter to cover for the estimated costs of the final settlement.
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