$479M Settlement Proposed For Economic Claims In Recalled CPAP Device MDL

(September 7, 2023, 12:48 PM EDT) -- PITTSBURGH — Koninklijke Philips NV on Sept. 7 agreed to pay at least $479 million to settle all economic claims in a multidistrict litigation involving the recall of approximately 10.8 million of the company’s continuous positive air pressure (CPAP) sleep apnea devices and respirators, according to a brief filed in a Pennsylvania federal court....