Abbott Stock Slips After Company Ordered to Pay $495 Million in Baby Formula Case

Key TakeawaysA jury in St. Louis ruled on Friday that Abbott Laboratories must pay $495 million in compensation and damages in a lawsuit involving the company's premature infant formula.Abbott was sued by an Illinois woman whose daughter contracted necrotizing enterocolitis after being given the formula in the hospital.The company has denied its product is unsafe.Abbott shares fell as much as 5% in early trading Monday. Shares of Abbott Laboratories (ABT) came under pressure Monday after a jury in St. Louis ...