Philips settles sleep apnea device lawsuits for $1.1 billion
Philips, a leading maker of CPAP machines, has agreed to pay $1.1 billion to settle lawsuits over faulty sleep apnea devices. The company said more than 58,000 people have already registered for the settlement, with the potential for tens of thousands more who have reported injuries from using the now-recalled CPAP machines.