February 19, 2025

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Abbott under investigation by SEC and FTC for infant formula business

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Abbott under investigation by SEC and FTC for infant formula business

Photo caption: In this May 17, 2022, file photo, bottles of Similac baby formula are seen at empty baby formula section shelves at a store due to shortage in the availability of baby formula, in New Jersey. Photo credit: Anadolu Agency via Getty Images, FILE. Article by Sasha Pezenik. ABC News – February 18, 2023.

Abbott 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. Abbott said in a filing Friday that they received a subpoena from the SEC’s Enforcement Division in December 2022 requesting “information about its powder infant-formula business and related public disclosures.” […]

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