Business · Markets · 1 day ago
Court rejects investors’ call for inquiry into Philips sleep apnea case
Philips, a healthcare technology company, has won a legal dispute over its handling of a long-running sleep apnea affair.
A court found there was not enough reason to doubt the company’s policy in the case.
The dispute was brought by the Dutch investors’ association VEB and a group of institutional investors.
They had asked for an investigation into how the affair was handled.
The court decided that an investigation was not necessary.
The ruling means the investors’ request will not lead to the inquiry they sought.
A court rejected a request for an inquiry into Philips’ handling of the sleep apnea case.
The court said there was insufficient reason to doubt the healthcare technology company’s policy on the matter.
The request was made by the Dutch Association of Securities Owners (VEB) and a group of institutional investors.
- Who
- Philips, the VEB and a group of institutional investors.
- What
- A court rejected investors’ demand for an inquiry into Philips’ handling of the sleep apnea case.
- When
- Not stated
- Where
- Not stated
- Why
- The court found insufficient reason to doubt Philips’ policy on the matter.
VEB and institutional investors
Philips
Inquiry
VEB and institutional investors
They demanded an investigation into how the matter was handled.
Philips
The court found no sufficient reason to question Philips’ policy on the matter.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Company
- Philips
- Investors’ association
- Vereniging van Effectenbezitters (VEB)
- Other parties seeking inquiry
- A group of institutional investors
- Court decision
- Request for an inquiry rejected
Sources
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