Federal Judge Freezes Trusts as Abbott Laboratories Pursues $33.4M Trademark Judgment

A New York federal judge has decided to freeze trusts linked to a couple who owe Abbott Laboratories $33.4 million as part of a complex trademark litigation concerning gray-market diabetes test strips. The decision was taken after the court found that the defendants made “pervasive and repeated” use of the trusts for personal expenses and gambling. More details can be found on Law360.