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.
During the height of the severe shortage last May, the FTC had already launched an inquiry into the formula crisis, probing potential unfair and illicit enterprises which may be exploiting parents' desperation amid the crisis.
The news of these latest inquiries into Abbott also follows the recent health expert analysis which called out major formula companies, Abbott included, for "exploitative" marketing and aggressive lobbying practices.
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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 under investigation by SEC and FTC for infant formula businessAbbott is being investigated in relation to their infant formula business.
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