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Mealeys

Mealey's Toxic Tort/Environmental - Tobacco Company Hit With Shareholder Class Action Over $12.8B JUUL Investment

BROOKLYN, N.Y. - A shareholder sued a manufacturer of cigarettes and smokeless products on Dec. 2 in New York federal court, alleging that the company and two of its senior executives violated federal securities laws by failing to conduct sufficient due diligence before making a nearly $13 billion investment in e-vapor products manufacturer JUUL Labs Inc. (Patrick F. Cipolla v. Altria Group Inc., et al., No. 19-6774, E.D. N.Y.).
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