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VisitWill there be changes in Abbott Laboratories' executive leadership by December 31, 2024?
CEO resignation • 25%
Other executive resignations • 25%
No changes • 25%
Board of Directors changes • 25%
Official company announcements, business news sources
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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