LONDON, March 18 (Reuters) - Reckitt said on
Monday that many cases had been filed against baby formula
makers in general, but it was unclear how many directly related
to its unit's Enfamil product.
An Illinois jury last week ordered Reckitt unit Mead
Johnson to pay $60 million to the mother of a premature baby who
died of an intestinal disease after being fed the company's
Enfamil baby formula.
The jury in an Illinois state court in St. Clair County last
week found Mead Johnson was negligent and had failed to warn of
the risk of necrotising enterocolitis (NEC). The disease, which
causes the death of bowel tissue, mostly affects premature
newborns and has a fatality rate of about 15% to 40%.
Traders told Reuters on Friday there were concerns in the
market that more cases would be made against Mead Johnson.
Shares of Reckitt, which owns brands such as Lysol, Dettol and
Strepsils, that day suffered their steepest one-day drop since
1999, making it the top loser on London's blue-chip FTSE 100
.
"Case numbers will continue to fluctuate," an executive said
on a call to discuss last week's verdict. "New cases will be
filed and some will be dismissed. And we need to determine
whether we're actually involved in the litigation."