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Dutch court rejects shareholder demand for investigation into Philips sleep apnea device recall

Investing.com +1 ·

  1. 1A Dutch court has rejected a demand from shareholders for an investigation into how Philips handled its 2021 sleep apnea device recall.
  2. 2Philips recalled approximately 15 million sleep apnea and respiratory devices worldwide in 2021.
  3. 3Philips has agreed to pay $1.1 billion in settlements for all personal injury claims in the United States in 2024.

So what's the key point?

A Dutch court did not accept the shareholders' request to investigate how Philips handled its device recall. Philips has agreed to pay $1.1 billion regarding personal injury claims in the United States.

Source Investing.com +1 · View original ↗

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