ABT · News · 20260820N

Infant Formula Litigation

ABBOTT LABORATORIES · 2026-08-20 · Importance 46 · Surprise 42 · In source text

Abbott agreed to pay approximately $670 million to resolve the Gill case and claims from about 2,000 individuals involving specialty formulas for premature infants. The settlement follows a Missouri jury verdict of approximately $495 million and includes Abbott dropping its appeal of that judgment. Approximately 1,700 additional lawsuits involving about 12,700 individual infants remain pending, while Abbott maintains that the settlement is not an admission of liability and that its products are safe.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
net_incomenegativecommitted-2.4%Abbott agreed to a $670 million settlement to resolve legal claims by about 2,000 people alleging harms relating to the company's…
liabilitynegativecommitted-0.5%Abbott agreed to a $670 million settlement to resolve legal claims by about 2,000 people alleging harms relating to the company's…