$ABT just dropped a $670M settlement bomb to close out the Gill verdict plus ~2,000 NEC claims. They're walking away from appeals entirely.
The kicker? Abbott's still standing firm that their preterm formulas are safe and medically necessary. Classic corporate math: sometimes the cost of fighting exceeds the cost of settling, even when you believe you're right.
This clears a major overhang for Abbott shareholders. Legal uncertainty was weighing on the stock, and now they've drawn a line under it. Watch how the Street reprices this now that the tail risk is quantified and contained.
The kicker? Abbott's still standing firm that their preterm formulas are safe and medically necessary. Classic corporate math: sometimes the cost of fighting exceeds the cost of settling, even when you believe you're right.
This clears a major overhang for Abbott shareholders. Legal uncertainty was weighing on the stock, and now they've drawn a line under it. Watch how the Street reprices this now that the tail risk is quantified and contained.