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Abbott must pay US$495-million in premature infant formula trial, jury finds [Globe and Mail, The (Toronto, Canada)]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
A jury on Friday found that Abbott Laboratories' specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel disease, ordering the health care company to pay $495 million in compensatory and punitive damages. The verdict in St. Louis, Missouri state court comes in the first trial against the company out of hundreds of similar claims over the formula pending in courts around the country, which Reuters viewed via Courtroom View Network. The jury awarded $95 million in compensatory damages and $400 million in punitive damages. Before the jury was sent to consider punitive damages, Abbott attorney James Hurst said that the verdict risks sending the wrong message and limiting doctors' options for feeding preterm infants who cannot breastfeed. “This is a gut punch,” Hurst said. “It is as hard as it gets.” Illinois resident Margo Gill, who brought the case against Abbott, alleged that the company failed to warn that its formula could cause a pote Show less Read more
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