Investor lawyers are again calling for a deep investigation into Royal Philips, warning that a repeat of the company’s apnea-device crisis cannot be ruled out. They allege the Dutch medical technology ...

(Reuters) - Paris prosecutors opened a criminal probe into Philips in June over its recall of sleep apnea devices, probing possible charges including aggravated fraud and failure to report safety ...

Technology company Philips plans to cut an estimated 5% of its workforce, about 4,000 positions, due to losses caused by the recall of a sleep apnea product as well as supply chain issues, according ...

The recall of a medical device is among the most serious actions a company can take in response to a safety issue or defect being associated with a device. In the US, the Food and Drug Administration ...