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Mealeys

Mealey's Toxic Tort/Environmental - Securities Law Claims In Philip Morris E-Cigarette Class Action Dismissed

NEW YORK - A federal judge in New York on Feb. 4 ruled that lead plaintiffs in a securities class action lawsuit alleging that tobacco company Philip Morris International Inc. and several of its senior executives misrepresented clinical study results for an e-cigarette product it manufactured, as well as the product's financial performance in Japan, failed to plead any false or misleading statements made by the defendants or scienter in pleading their federal securities law claims (In re Philip Morris International Inc. Securities Litigation, No. 18-8049, S.D. N.Y.).
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