Masimo Sees Shares Surge After $466 Million Verdict
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Royal Philips NV was handed a $466 million defeat by jurors who decided the world’s largest lighting company should pay Masimo Corp. for infringing patents covering technology used in fingertip devices that measure blood oxygen and pulse rates using light absorption.
The jury award is the third-largest in the U.S. so far in 2014, according to data compiled by Bloomberg.