Philips Agrees to Pay $1 Billion to Settle Breathing Machine Lawsuits

Philips has agreed to pay over $1 billion to settle lawsuits from thousands claiming injuries from their breathing machines, which were found to emit toxic particles. This settlement resolves around 700 lawsuits following a 2021 recall of sleep apnea devices and ventilators. Additionally, Philips will provide $25 million for medical monitoring for affected users, though it has not admitted any fault under the settlement terms.