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Stock impact report

Judge tosses some claims in Abbott baby formula litigation [Reuters]

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: Reuters
In a decision on Monday, U.S. District Judge Matthew Kennelly in Chicago dismissed claims by parents pursuing only “economic loss” claims related to Similac and other formula that they said had a “substantial risk” of bacteria contamination. The parents said they would not have bought or would have paid less for formula but for the Abbott Park, Illinois-based company's claims that it was safe. But the judge said the parents lacked standing to sue, saying they did not show which Abbott products or lots were contaminated, or that their children experienced symptoms. “In short, the plaintiffs received exactly what they say they bargained for: safe infant formula,” Kennelly wrote. The judge also narrowed but did not dismiss two related lawsuits against Abbott. In one, 28 plaintiffs brought personal injury claims alleging that Abbott's formula caused salmonella contamination, bacterial meningitis and other health problems. The other lawsuit by eight plaintiffs alleged that Sim Show less Read more
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