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Abbott to Pay $385 Million to Settle Baby Formula Plant Contamination Claims

Source Summary

Abbott Laboratories agreed to pay $385 million to settle claims related to contamination at its Sturgis, Michigan baby formula plant, the largest in the United States. The plant's closure led to supply shortages in 2022.

Why it matters

The settlement resolves a major product safety incident that disrupted the U.S. baby formula market and affected millions of families in 2022.

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