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Settlement reduces long-tail litigation risk and settles a high-profile case, likely improving ABT's risk/reward profile and near-term sentiment; however, left exposure remains in ~1,700 lawsuits, so upside is limited.
What happened, with direct paths to the underlying reporting
Abbott announced settlements with three law firms to resolve the Gill case and NEC claims for about 12,700 infants across roughly 1,700 lawsuits, totaling about $670 million. The agreements are non-admissions of liability and follow favorable MDL outcomes. This reduces litigation tail risk and could support modest near-term upside for ABT, though core fundamentals remain unchanged.
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