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Philips reaches $1.1 billion settlement for CPAP machine lawsuits, admits no fault or liability

Medical device maker Philips announced a nearly $1.1 billion personal injury settlement over some of its CPAP, ventilators and BiPAP machines that were at the heart of a massive recall in 2021. The company also agreed to pay $25 million in a medical monitoring settlement.

CPAP Lawsuits Settled for $1.1 Billion - The New York Times

Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.

Philips stock skyrockets on outlook, $1.1B Respironics settlement

Philips shares got a huge boost today despite first-quarter results that fell shy of the consensus forecast on Wall Street.

What consumers should know as Philips agrees to $1.1 billion CPAP settlement

Philips settles CPAP breathing device lawsuits for $1.1B | Honolulu Star-Advertiser