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Philips To Pay $2M For Keeping Lighting Defect Under Wraps

By Joe Van Acker (November 30, 2015, 4:05 PM EST) -- Philips has agreed to pay a $2 million civil penalty to settle allegations that it concealed a problem with its EnergySaver lamps that caused their glass coverings to slip off and injure people, the U.S. Consumer Product Safety Commission announced recently....

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