Cigarette manufacturer ITG Brands LLC assumed liability for tobacco settlement payments to the state of Florida when it acquired four brands from Reynolds American Inc. in 2015, a Delaware judge has ruled.
A Delaware judge says cigarette manufacturer ITG Brands assumed liability for tobacco settlement payments to the state of Florida when it acquired four brands from Reynolds American in 2015. Vice
ITG must compensate Reynolds American for losses due, granting summary judgment in favor of Reynolds, which sold four brands to ITG to gain regulators' approval of its acquisition of Lorillard.
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