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Altria Can t Snub Out Fraud Claims Over Juul Investment
Law360 (March 12, 2021, 11:40 PM EST) A Virginia federal judge on Friday shot down a bid to dismiss allegations that tobacco giant Altria Group Inc. knew Juul Labs Inc. was marketing to underage consumers but stayed mum about it when it invested billions in the nascent vaping company.
U.S. District Judge David J. Novak found that a putative class of Altria investors had alleged an abundance of facts showing that Juul targeted youth and sufficient facts demonstrating that Altria and Juul knew of the marketing scheme and the risks it posed to each company after Altria bought a 35% stake in Juul in December 2018 for $12.8.
Altria Can t Snub Out Fraud Claims Over Juul Investment
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Marlboro maker asks FDA to convince Americans nicotine isn t that bad | Health Matters
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Tiffany Kary, Bloomberg News A man lights a Philip Morris Marlboro brand cigarette in Tiskilwa, Illinois, U.S., on Wednesday, July 12, 2017. Philip Morris International Inc. is scheduled to release earnings figures on July 20. Photographer: Daniel Acker/Bloomberg , Bloomberg
Marlboro-maker Altria Group Inc. wants to enlist an unlikely partner in convincing Americans that nicotine isnât as bad as they thinkâits regulator.The company asked the U.S. Food and Drug Administration to tackle misperceptions about nicotine as part of a proposed US$100 million advertising campaign to reduce the harm caused by tobacco, according to a letter seen by Bloomberg News.