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Stock impact report

Baby Formula Makers Abbott and Reckitt See Stocks Slide as Judge Allows Retrial [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
A jury in October found the companies not liable in a case alleging their infant formula products caused necrotizing enterocolitis, a disease of the bowels. Abbott and Reckitt both said they intend to appeal the judge's ruling. Abbott Laboratories ( ABT ) shares declined and Reckitt Benckiser shares ended the day lower in London after Reckitt said a state judge ruled plaintiffs could seek a retrial against the infant formula makers. In October, a jury in Missouri cleared Abbott and Reckitt of liability in a case alleging their infant formula products caused necrotizing enterocolitis (NEC), a disease of the bowels. Abbott manufactures Similac brand formula, and Reckitt owns Mead Johnson. “Twelve citizens of the City of St. Louis served on a jury for five weeks, heard all the evidence, including from leading experts, and unanimously found that Abbott's formula does not cause NEC. Their verdict was correct. It was consistent with the consensus of scientists, governmental regulat Show less Read more
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