Abbott Settles Appeal Over $495M Infant Formula NEC Verdict
Abbott settled an appeal over a $495 million Missouri infant formula verdict after a state appeals court affirmed the judgment. Settlement terms were not disclosed in court filings. The case follows about 1,000 similar NEC lawsuits tied to Similac and Enfamil, several centralized in Illinois federal court. Abbott disputes causation despite a prior St. Louis jury ruling.
Coverage (4)
- Abbott Bypasses Appeals Process To Settle Ongoing Premature Infant Formula Litigation (finance.yahoo.com)
- Abbott to pay $670 million to settle some preterm infant formula cases (reuters.com)
- Abbott Will Pay $670 Million to End 2,000 Infant Formula Claims (bloomberg.com)
- Abbott settles appeal over $495 million infant formula verdict (reuters.com)