Philips sets €575 million aside for US lawsuits
Under-pressure Dutch medical tech maker Philips has announced it has set aside €575 million to resolve expected lawsuits in the United States, resulting from its massive recall of faulty sleep respirators. – EPA pic, April 24, 2023.
UNDER-PRESSURE Dutch medical tech maker Philips announced today it has set aside €575 million to resolve expected lawsuits in the United States, resulting from its massive recall of faulty sleep respirators. The Amsterdam-based firm said it was a defendant “in several class-action lawsuits and individual personal injury claims” in the United States due to safety issues with the device.
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