Abbott Laboratories is facing investigations by the Securities and Exchange Commission and the Federal Trade Commission in connection with its formula business, the company revealed in a recent SEC filing.
Abbott Laboratories is facing investigations by the Securities and Exchange Commission and the Federal Trade Commission in connection with its formula business, the company revealed in a recentThe developments are the latest in a series of inquiries into the factors that precipitated the company's Michigan factory shutdown and kickstarted aAbbott received a subpoena from the SEC's Enforcement Division soliciting"information relating to Abbott's powder infant-formula business...
Then, in January, the FTC issued the manufacturer a civil investigative demand connected with an investigation into companies that bid for infant formula contracts with federal nutritional programs such as the Special Supplemental Nutrition Program for Women, Infants, and Children, or WIC, program.
Abbott recalled select Similac, EleCare and Alimentum as well as powdered infant formulas manufactured at the Sturgis plant, and closed down the factory later that month when investigators
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