Published on 29 Apr 2024 on Benzinga
Why Is Philips Stock Trading Higher On Monday? - Koninklijke Philips (NYSE:PHG)
Monday, Koninklijke Philips N.V. PHG said it reached a $1.1 billion settlement in the U.S. related to the recall of its Respironics ventilators.
Philips and the plaintiffs’ leadership, through a Court-appointed mediator, have reached an agreement to resolve the personal injury litigation and the medical monitoring class action in the U.S.