The intricate settlement outlines varying compensations, ranging from $55 to $1,552 per recalled device. And as a bonus incentive? An additional $100 for every device sent back to Philips.
The settlement’s roadmap is also riddled with signposts ensuring smooth transitions. Notably, those who register their recalled devices won’t have to wade through tedious claim forms, making the process seamless.
Philips $479M Losses Deal : Looking Forward
As the dust begins to settle, the first payments might see the light of day by the first quarter of 2024. But as plaintiffs’ co-lead counsel aptly put, this is merely the beginning. Philips remains in the hot seat, facing accusations related to personal injuries.
