Philips pays $1.1bn to settle respirator case

Dutch medical products maker Philips says it has reached a $1.1bn deal to settle lawsuits in the US relating to potentially faulty breathing devices. Philips said it did not "Admit any fault or liability, or that any injuries were caused" by the devices. The machines were made by the company's US subsidiary Philips Respironics. The affair led the departure of Philips' chief executive Frans van Houten in 2022. Earlier this month, Philips Respironics reached an agreement with the Department of Justice in a US court, a "Consent decree" under which it will face regular inspections of its US facilities for the next five years.

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