Court Denies Investor Request to Probe Philips Over 2021 Recall

(Bloomberg) -- An Amsterdam court rejected requests from investors for an investigation into Royal Philips NV’s handling of a 2021 recall of its sleep apnea devices.The Enterprise Chamber of the Amsterdam Court of Appeal found no basis to justify a probe into the course of events surrounding the recall, which sparked a sharp decline in the medical device maker’s share price, according to a ruling on Saturday. Dutch investors’ association VEB and several institutional investors contended that shortcomings in the…