Abbott agrees to settle preterm infant formula NEC lawsuits for about $670 million
ABT•Abbott reaches settlement agreements in preterm infant formula NEC litigation
Abbott reached agreements with three law firms to settle the Gill case, resolving about 2,000 additional preterm formula claims.
The settlement totals about $670 million, avoiding continued appeals or paying about $600 million tied to the Gill judgment and interest.
A St. Louis jury awarded $495 million in July 2024; an appeal filed in December 2024 was denied.
Roughly 1,700 lawsuits remain pending, covering claims on behalf of about 12,700 infants.
