Dutch company Philips reaches U.S. settlement over respirators

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Dutch company Philips reaches U.S. settlement over respirators
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PARIS (Reuters) - Philips and some of its local units reached an agreement to resolve all economic loss claims in a US litigation related to the recall ...

PARIS - Philips and some of its local units reached an agreement to resolve all economic loss claims in a US litigation related to the recall of certain sleep and respiratory care devices, the Dutch company

announced on Thursday.Philips Respironics has recorded a provision for an amount of 575 million euros in the first quarter of 2023 to cover the estimated costs of the final settlement, it said in a statement.

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