Abbott will pay $385 million to settle state, federal, and civil lawsuits stemming from contamination issues at its Michigan baby formula plant in early 2022.

Abbott Laboratories will pay $384 million to resolve Medicaid fraud allegations. North Carolina will get over $216,000 from the settlement.

The settlement is tied to a lawsuit brought by the Justice Department related to its manufacturing and 2022 recall of powdered infant formula at a Michigan facility.

North Carolina will receive more than $216,000 as part of a $384 million settlement with Abbott Laboratories over allegations involving contaminated infant formula that contributed to the nationwide ...

Abbott Laboratories will pay $385 million to resolve claims tied to an investigation of contamination at a baby formula factory which led to a supply shortage in 2022.

Abbott Laboratories is to pay a $384 million settlement after making infant formula recalled in 2022 following a spate of illnesses and deaths.

The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for ...

Facing frightened and frustrated parents who cannot find formula to feed their newborns, President Joe Biden wants to show he is taking bold action that would address the urgent need. On Wednesday he ...

WASHINGTON (AP) — The Food and Drug Administration acknowledged Tuesday that its response to the U.S. infant formula shortage was slowed by delays in processing a whistleblower complaint and test ...