Abbott is being investigated in relation to their infant formula business.
An Abbott spokesperson told ABC News they are "cooperating with the government investigations."ABC News has also reached out to the SEC for comment and have not yet heard back.bacteria inside Abbott's Sturgis plant prompted a massive voluntary formula recall last February, after four babies who had consumed Abbott's formula contracted a Cronobacter infection.
After inspecting Abbott's Sturgis facility last year, FDA chief Dr. Robert Califf described the "shocking" and "egregiously unsanitary conditions" investigators had found. Abbott's recall ricocheted across American groceries and families' pantries, exacerbating an already mounting supply issue, and forcing families to scramble for what their babies needed for months.
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Abbott Laboratories under SEC and FTC investigation over baby-formula businessThe Securities and Exchange Commission and Federal Trade Commission are investigating Abbott Laboratories' baby-formula business, the company said.
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Abbott under investigation by SEC and FTC for infant formula businessAbbott is being investigated by the Securities and Exchange Commission, as well as the Federal Trade Commission, in relation to their infant formula business, the company disclosed in a new SEC filing.
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Abbott gets FTC notice for information on infant formula productsAbbott Laboratories said on Friday it received a civil investigative demand in January from the Federal Trade Commission related to a probe of the companies participating in bids for women, infants and children formula contracts.
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Texas Democrats say Gov. Abbott's State of the State comes up shortTexas Democrats are responding to Abbott's State of the State address, with some suggesting the governor's priorities are out of alignment with what's best for all Texans.
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Democratic lawmakers, Dallas ISD superintendent criticize Governor Abbott's school choice proposalAt the Texas Capitol Friday, Democratic state lawmakers gave Governor Greg Abbott's school choice proposal an 'F.'
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