Philips wins Dutch court battle with shareholders over recall

A Dutch court on Saturday dismissed claims by shareholders of Philips (PHG.AS) tied to the company’s recall of sleep apnea devices. The ruling comes after an earlier request for an investigation into allegations that Philips made misleading disclosures and suffered management failures related to the recall, according to the decision reported by Reuters in Amsterdam on Oct 10. The court’s dismissal means the shareholder demands will not move forward in the Dutch setting described in the report. The case centers on how the company communicated and handled issues linked to the affected medical technology and the recall process.