Philips Respironics received thousands of complaints about a dangerous defect in its breathing machines but kept them secret for years as stock prices soared. The devices, including the popular ...

Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that have dogged the company.

The company says: "Philips and Philips Respironics do not admit any fault or liability, or that any injuries were caused by Respironics' devices." Profit and prosper with the best of expert advice ...

Royal Philips said that it has reached a $1.1 billion settlement in the U.S. related its Respironics ventilators, and backed its full-year guidance. The Dutch health-technology group said Monday ...

For $1.1 billion, Philips Respironics will settle personal injury and medical monitoring lawsuits related to the safety of its continuous positive airway pressure machines and respirators.

It follows a consent decree signed earlier this month for an economic loss settlement of $600 million. Philips and Philips Respironics will pay $1.1 billion to settle personal injury litigation in ...

Shares of Royal Philips NV soared on Monday, after the Dutch health-technology group announced a much lower-than-expected U.S. settlement over its Respironics ventilators. The payments are ...

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Health technology company Royal Philips agreed to resolve personal injury litigation and medical-monitoring class action suits related to the recall of Respironics sleep therapy devices in the ...

While Philips and Philips Respironics deny any fault or liability, or that any injuries resulted from Respironics' devices, the settlement addresses claims filed in US courts and potential claims ...

Philips this month announced the final details of a consent decree reached with U.S. authorities in January, spelling out the improvements it needs to make at its Respironics plants in the United ...

Royal Philips said it has reached a $1.1 billion settlement in the U.S. related its Respironics ventilators, and backed its full-year guidance. The Dutch health-technology group said Monday that ...