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Will additional lawsuits be filed against Abbott Laboratories related to the infant formula by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Public court records, legal news sources
Story
Abbott Ordered to Pay $495M in Infant Formula Trial
Jul 26, 2024, 11:14 PM
A jury has ordered Abbott Laboratories to pay $95 million in compensatory damages after finding that its specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel disease. The jury's decision came on Friday, and the total amount Abbott must pay, including punitive damages, is $495 million. This verdict has impacted Abbott Labs' stock, which fell following the announcement.
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Yes • 50%
No • 50%
Less than 50 • 25%
50 to 100 • 25%
101 to 200 • 25%
More than 200 • 25%
Yes • 50%
No • 50%
Product recall • 25%
Product reformulation • 25%
No changes • 25%
Other • 25%
Verdict upheld • 25%
Verdict overturned • 25%
Settlement reached • 25%
Other • 25%
Yes • 50%
No • 50%
No new lawsuits • 25%
New lawsuits under 100 • 25%
New lawsuits 100-500 • 25%
New lawsuits over 500 • 25%
Abbott found liable • 25%
Abbott not found liable • 25%
Mistrial declared • 25%
Case dismissed • 25%
