Abbott Reaches Agreement with Department of Justice to Resolve Claims Relating to 2022 Infant Formula Recall

Abbott has reached an agreement to resolve a Department of Justice investigation and related lawsuits concerning its 2022 powdered infant formula recall, agreeing to pay $385 million. The settlement does not represent any finding of fault or liability, and the government has closed its criminal investigation. Abbott stated that no unopened, distributed infant formulas tested positive for Cronobacter sakazakii, and the CDC found no definitive link between the Sturgis facility and the clinical cases investigated at that time.