Why Are Abbott Shares Trending 20% Lower?
09 Juni 2022 - 05:12PM
TipRanks
In the latest twist to the baby formula controversy at Abbott
Laboratories (ABT), it has come to the fore that Abbott received
warnings from a former employee about quality control issues at the
baby-formula Sturgis plant much earlier than previously known,
according to a report by the Wall Street Journal. At the time of
writing the article, shares of the U.S.-based multinational medical
devices and health care company had dropped almost 18% following
the news. The Timeline of Complaints A former employee first filed
a discrimination complaint with the Michigan Occupational Safety
and Health Administration (OSHA) upon being fired in August
2020.
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Abbott Laboratories (NYSE:ABT)
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