https://www.live-feeds.com/feed/philips-reaches-doj-agreement-over-device-recall-books-288-million-provision-in-q3Continuously updated, source-cited coverage. https://www.live-feeds.com/feed/philips-reaches-doj-agreement-over-device-recall-books-288-million-provision-in-q3https://www.live-feeds.com/feed/philips-reaches-doj-agreement-over-device-recall-books-288-million-provision-in-q3#u188356Mon, 09 Nov 2026 16:31:46 +0000Philips has reached an agreement in principle with the United States Department of Justice to resolve criminal and civil investigations tied to a massive 2021 global recall of sleep and respiratory care devices. Alongside the proposed settlement, the Dutch medical device maker booked a provision of €288 million during the third quarter. The agreement addresses enforcement actions stemming from the Respironics subsidiary recall of 15 million faulty sleep apnea machines. Company shares rose following the announcement as stronger profitability and the resolution of the long-running regulatory cas