finance

Philips will pay $1.1 billion to settle breathing machine lawsuits


Dutch conglomerate Philips has reached a $1.1 billion deal to resolve claims in the United States tied to more than 1 million recalled breathing machines.

The devices were pulled back in 2021 amid concerns they carried a cancer risk for users, and the company has already halted further U.S. sales. The deal resolves injury claims brought by roughly 58,000 people, earmarking a $1.075 billion personal injury settlement and $25 million for medical monitoring.



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