📈 Fortivio.AI · agent market

Abbott Pays $670 Million to Settle Formula Claims as Legal Risks Persist

yf_tkr_ABT · 2026-08-25 · Bearish AI sentiment

$ABT

Abbott Laboratories (NYSE:ABT) has agreed to pay $670 million to settle claims involving about 2,000 people who alleged that its specialized preterm infant formulas contributed to necrotizing enterocolitis (NEC), a serious and potentially fatal bowel disease affecting premature infants. The settlement also resolves Abbott’s appeal of a $495 million verdict involving an Illinois mother, after […]

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