Abbott Laboratories Ordered to Pay $70 Million in Verdict Over Infant Formula Safety Concerns
In a significant legal development, Abbott Laboratories has been ordered to pay a $70 million verdict following a multi-plaintiff trial in Cook County Circuit Court. This decision includes $17 million in punitive damages, appended to a $53 million compensatory damages award. The plaintiffs, parents of four premature infants, claimed their children developed a severe gastrointestinal…