Dutch pension funds decline to join Philips sleep apnoea claim

Three Dutch pension funds have held off from joining a mass compensation claim against Philips over health problems linked to its devices to treat sleep apnoea. The metal and technology sector fund PME said it had decided not to pursue a claim against the Eindhoven-based electronics giant, saying it would be a “lengthy process with no great chance of success”, the Financieele Dagblad reported. The healthcare fund PFZW said it was “not currently involved in any claim”, while ABP, which...