Abbott

Jury Orders Abbott to Pay $495 Million Over Premature Infant Formula Claims

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Chicago — A federal jury has ordered health care company Abbott to pay $495 million in damages after finding that the company’s infant formula products were linked to premature infants developing a serious gastrointestinal disease. This landmark case has cast a spotlight on the safety standards and regulatory oversight of products intended for some of society’s most vulnerable individuals—premature babies. The jury’s verdict concluded that Abbott was responsible for the widespread distribution of formulas that allegedly contributed to infants developing necrotizing enterocolitis (NEC), a dangerous condition predominantly affecting premature infants. This condition can lead to … Read more

Abbott and Reckitt Benckiser Clash in Court: $60M Verdict Over Enfamil Baby Formula

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NORTH CHICAGO, ILLINOIS – Abbott Laboratories saw a decline in its stock price on Friday following a jury verdict in an Illinois state court. The jury ordered rival company Reckitt Benckiser’s Mead Johnson unit to pay $60 million over allegations that a premature child died after consuming the company’s Enfamil baby formula. This verdict represents the first trial outcome among the hundreds of lawsuits filed against both Reckitt Benckiser and Abbott, all claiming that their baby formulas caused a gastrointestinal disease called necrotizing enterocolitis (NEC) in children. Abbott’s stock dropped approximately 4% after the news, … Read more

Governor Abbott Slams NYC Mayor over “Baseless” Lawsuit against Texas Busing Companies

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New York City Mayor Eric Adams has filed a lawsuit against 17 Texas busing companies, seeking $700 million in damages. However, Texas Governor Greg Abbott believes that the mayor has targeted the wrong party and called the lawsuit baseless. Abbott argues that if Adams truly wants to combat the influx of illegal immigrants into New York, he should be suing President Joe Biden instead. The governor blames Biden’s policies for the large number of immigrants entering the country, which in turn leads to many of them heading to New York. Abbott is confident that Adams … Read more

Fox News Host Grills Texas Governor Greg Abbott on Controversial State Law Defying Supreme Court Precedent

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AUSTIN, Texas — Republican Texas Governor Greg Abbott was confronted by Fox News host Shannon Bream on Sunday regarding a new state law that may challenge a precedent set by the U.S. Supreme Court. Abbott has been taking action to address border security as his state sees an influx of illegal migrants crossing the U.S.-Mexico border. According to agency data, there were 3.2 million encounters with the U.S. Border Patrol in the 2023 fiscal year, which concluded in September. In an effort to deter migrants from entering Texas, Abbott has implemented measures such as using … Read more