Abbott Laboratories.
American global health care and medical device products company
Abbott Reaches $670M Settlement Over Preterm Formula Litigation
Abbott has reached a settlement with three law firms to resolve roughly 2,000 NEC-related infant claims tied to preterm formulas for about $670 million, a move that reduces litigation risk while Abbott and health authorities maintain formulas are safe. The company disclosed the settlement in an 8-K and noted ongoing lawsuits and bellwether cases across several jurisdictions as the broader fight over NEC risk in preterm formulas continues.
Business · 11 sources · Aug 20, 2026Read itThe journal
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About Abbott Laboratories
Abbott Laboratories, commonly known as Abbott, is an American multinational medical devices and health care company founded in Chicago with headquarters in Abbott Park, Illinois. The company produces pharmaceuticals for sale outside the United States, diagnostic products, nutritional products, and medical devices.
Everything about Abbott Laboratories →- Country
- United States
- Headquarters
- North Chicago
- Inception
- 1888
- Website
- https://abbott.com