John Aglionby Author Rss https://faqinsurances.com/author/john-aglionby/ John Aglionby Author Rss - Faqs of Insurances Mon, 24 Apr 2023 03:34:12 +0000 en-US hourly 1 https://faqinsurances.com https://faqinsurances.com/public/skin/logo.png John Aglionby Author Rss https://faqinsurances.com/author/john-aglionby/ 144 144 <![CDATA[Health technology group faces lawsuits over a faulty component in device for sleep apnoea ]]> https://faqinsurances.com/2023/04/24/health-technology-group-faces-lawsuits-over-a-faulty-component-in-device-for-sleep-apnoea/ Mon, 24 Apr 2023 03:34:12 +0000 https://faqinsurances.com/2023/04/24/health-technology-group-faces-lawsuits-over-a-faulty-component-in-device-for-sleep-apnoea/ Dutch health technology company Royal Philips has set aside €575mn to cover possible litigation costs in the US related to the recall of 5.5mn faulty medical devices.

Philips Respironics, a subsidiary, is facing lawsuits over a faulty component in devices that help people suffering from sleep apnoea to breathe. It has set aside more than €1.1bn to cover the costs of the recall.

This story originally appeared on: Financial Times - Author:John Aglionby

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