A judge at the U.S. Federal Trade Commission has dismissed a complaint that the agency filed aimed at requiring Marlboro maker Altria Group to sell a minority investment in e-cigarette firm Juul Labs Inc, Altria said in a release on Tuesday.
Shopkeepers stand inside a Juul shop at a shopping mall in Jakarta, Indonesia, December 30, 2019. Picture taken December 30, 2019. REUTERS/Ajeng Dinar UlfianaWASHINGTON, Feb 15 - A judge at the U.S. Federal Trade Commission has dismissed a complaint that the agency filed aimed at requiring Marlboro maker Altria Group
to sell a minority investment in e-cigarette firm Juul Labs Inc, Altria said in a release on Tuesday. The FTC filed a lawsuit in April 2020, saying Altria's decision to buy a 35% stake in Juul, announced in December 2018, was bad for competition. The FTC said that the two companies were competitors in the market for closed-system e-cigarettes but that Altria opted to exit and invest in Juul.Register now for FREE unlimited access to Reuters.
Altria has written down more than 85% of its original investment in Juul, and now values the company at $1.7 billion, according to a regulatory filing last month.Reporting by Diane Bartz in Washington and Chris Kirkham in Los Angeles Editing by Mark Porter and Matthew Lewis
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge to dismiss Sarah Palin case against N.Y. Times regardless of jury verdictA U.S. judge said on Monday he will throw out Sarah Palin's defamation lawsuit against the New York Times , after concluding that an editorial in the newspaper did not maliciously link the former Alaska governor and 2008 Republican U.S. vice presidential candidate to a mass murder.
Read more »
Sarah Palin Loses Defamation Case Against New York Times As Judge Says He’ll Dismiss ItThe jury is still deliberating in the case, but the judge's opinion is what will carry legal weight.
Read more »
Judge to dismiss Sarah Palin defamation case against The New York TimesU.S. District Judge Jed Rakoff in Manhattan said he will order the dismissal of Palin’s lawsuit after the jury finishes deliberating.
Read more »
Judge dismisses Sarah Palin libel lawsuit against New York TimesA judge says he will dismiss a libel lawsuit that former Alaska Gov. Sarah Palin filed against The New York Times.
Read more »
George Zimmerman's Bullshit Lawsuit Got DismissedThankfully, a judge in Florida just dismissed George Zimmerman’s defamation and conspiracy lawsuit that he filed against the parents of Trayvon Martin.
Read more »