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Stock impact report

Abbott and Reckitt Fall on News of New Infant Formula Trial [Yahoo! Finance Canada]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Most Read from Bloomberg Abbott was down 2.7% at 1:54 p.m. in New York after paring morning losses, while Reckitt's shares fell as much as 5.6% in London before closing down 1.7%. Both early declines were the biggest in about eight months. The stock action came after a Missouri state judge on Thursday ruled that the plaintiff — the son of Elizabeth Whitfield, on whose behalf she brought the case — had been denied a fair trial, granting a request for a new one. A jury last year rejected claims that formulas made by Abbott and Reckitt's Mead Johnson unit caused necrotizing enterocolitis in Whitfield's son. In setting aside the verdict, the St. Louis judge ruled that the defendants had repeatedly introduced inadmissible evidence to the jurors. More broadly, he found that “cumulative error,” including improper expert opinions and attacks on the legal system itself, had “weakened the foundation of the judicial process and seriously undermined the confidence in the outcome of this tr Show less Read more
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