Abbott Stock Slips After Company Ordered to Pay $495 Million in Baby Formula Case

Illinois resident Margo Gill brought nan lawsuit against Abbott, claiming that nan patient grounded to pass that nan Similac Special Care 24 High Protein marque fixed to her girl successful nan infirmary could origin necrotizing enterocolitis, a perchance deadly illness of nan bowels. The woman contracted nan illness, and while she survived, she suffers from neurological harm that requires semipermanent care. The verdict calls for Abbott to salary $95 cardinal successful compensatory damages, and $400 cardinal successful punitive damages. 

Abbott has denied its look is dangerous, pinch CEO Robert Ford saying successful nan company’s first 4th net telephone that “there are objective studies that person many times established that these products are safe.”