What consumers should know as Philips agrees to $1.1 billion CPAP settlement

Philips has agreed to a $1.1 billion settlement to resolve claims linked to its CPAP and ventilator machines, which were recalled in 2021 due to a potentially harmful foam issue. The settlement, still pending final court approval, includes $25 million for medical monitoring. Philips denies liability, stating no injuries were caused by their devices. The deal follows another settlement concerning economic damages from the recall, valued at over $613 million. Philips anticipates distributing the settlement funds in 2025, with a process for financial-loss claims already underway.