Abbott Labs falls after jury awards plaintiff $95M in damages in baby formula case [Seeking Alpha]
![Seeking Alpha](../../../Content/images/providers/Seeking Alpha.png)
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
abbott.com/investors.html
Company Research
Source: Seeking Alpha
Louis awarded a plaintiff $95 million in compensatory damages over claims the company's baby formula caused a potentially deadly bowel disease. Illinois resident Margo Gill sued Abbott alleging that her premature baby girl developed necrotizing enterocolitis, or NEC, and suffered brain damage after being fed Abbott's ( ABT ) Similac formula. The jury came to the verdict on Friday and will decide punitive damages later on Friday night, a court observer told Seeking Alpha. Abbott Labs ( ABT ) didn't immediately respond to Seeking Alpha email request for comment after normal business hours. Abbott Labs ( ABT ) and competitor Reckitt Benckiser's ( OTCPK:RBGPF ) Mead Johnson business are facing more than 1,000 lawsuits that allege that the companies failed to warn parents about the NEC risks with cow's-milk-based products. In the first case to go to trial in March, Reckitt Benckiser was ordered to pay $60 million in damage s to a mother whose premature child died after consuming th
Show less
Read more
Impact Snapshot
Event Time:
ABT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ABT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ABT alerts
High impacting Abbott Laboratories news events
Weekly update
A roundup of the hottest topics
ABT
News
- Abbott's Lingo CGM System Gains U.S. Availability: Stock to Gain? [Yahoo! Finance]Yahoo! Finance
- FDA hits Abbott FreeStyle Libre 3 recall with Class I tag [Yahoo! Finance]Yahoo! Finance
- Abbott Laboratories Recalls Some Sensors For Its Popular FreeStyle Libre 3 Glucose Monitoring System [Yahoo! Finance]Yahoo! Finance
- Abbott launches its first over-the-counter continuous glucose monitor in the U.S. [CNBC]CNBC
- Abbott's Lingo™ Continuous Glucose Monitor for Health and Wellness Now Available in the U.S.PR Newswire
ABT
Earnings
- 7/18/24 - Beat
ABT
Sec Filings
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- 9/4/24 - Form 144
- ABT's page on the SEC website