Every 10-Q, read line by line against the one before it. You get what changed in the disclosure — the cases, the covenants, the segments, the people — quoted from the filing, the morning it lands.
Last quarter
The jury returned a verdict finding ABDC liable for public nuisance
and assessed damages against the defendants.
This quarter The jury returned a verdict finding ABDC liable for public nuisance. On May 8, 2026, the City of Baltimore voluntarily dismissed all claims against the Company with prejudice.
Free while in test. One email per filing, nothing else. Leave any time.
Nothing here is in the earnings release. Every quote is taken verbatim from the 10-Q.
Baltimore dismissed all claims against the Company with prejudice, and the opioid liability was reduced by $102.0m on that dismissal. The FTC has requested information on the MWI Animal Health merger with Covetrus, and the U.S. Consulting Services business was divested in April. The Board authorised a new $2.0bn repurchase program, and the CFO changed from James F. Cleary to Eva C. Boratto.
Following the Maryland Supreme Court's remand, the City dismissed on 8 May 2026. That removes the Company from the Baltimore opioid litigation.
On May 8, 2026, the City of Baltimore voluntarily dismissed all claims against the Company with prejudice.
A reduction that was not in the previous filing, recorded in the three months to 30 June 2026.
Litigation and opioid-related (credit) expenses, net in the three months June 30, 2026 includes a $102.0 million reduction of opioid liability related to the dismissal of opioid litigation.
A second request received 20 May 2026 on a disposal the Company had already classified as held for sale.
On May 20, 2026, the Company received a request for additional information and documentary materials from the Federal Trade Commission (the “FTC”) in connection with the FTC’s review of MWI Animal Health’s proposed merger with Covetrus, Inc.
Found in the signature block, where officer changes appear before they are announced anywhere else in the filing.
A briefing that reports everything is a briefing nobody reads. These are the lines we hold.