Philips agrees to a $1.1 billion settlement for lawsuits over faulty sleep machines in the US.

Philips, a Dutch medical device maker, has agreed to pay $1.1 billion to settle lawsuits in the US over faulty sleep machines. The company has faced various crises since 2021 regarding its DreamStation machines for sleep apnea, leading to a halt in new sales in the US. The settlement, which does not admit fault or liability, aims to resolve personal injury litigation and a medical monitoring class action in the US.

April 29, 2024
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