Business · Markets · 1 day ago

Court rejects investors’ request for investigation into Philips sleep apnea affair

Court rejects investors’ request for investigation into Philips sleep apnea affair

A Dutch court has rejected a request for an in-depth investigation into Philips.

The request came from the investor group VEB and a large group of investors.

They sought an inquiry into Philips over the sleep apnea affair.

The case is linked to a 2021 global recall of breathing and sleep apnea devices made by a US subsidiary of Philips.

The court said there were not enough grounds for a large-scale investigation.

The decision means the requested investigation will not go ahead.

Sources

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