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Top related persons:
NJOY - 1 Altria - 1 Murray Garnick - 1
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New York Marlboro U.S District of Delaware
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Altria - 1 Juul Labs - 1 U.S . International Trade Commission - 1 NJOY - 1 ITC - 1 U.S . Food - 1 Drug Administration - 1 CNBC - 1

Search resuls for: "Murray Garnick"


2 mentions found


☆ Altria Group sues Juul over e-vapor patent infringement
  + stars: | 2023-08-22 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +1 min
Marlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain e-vapor products. Altria has called for a ban on the importation and sale of these Juul products. Altria bought full global ownership of NJOY's e-vapor product portfolio in June for approximately $2.75 billion. The deal included the product NJOY ACE, the only pod-based vape with market authorizations from the U.S. Food and Drug Administration. In addition to the lawsuit filed with the ITC, Altria filed a similar suit against Juul in the U.S. District Court for the District of Delaware.
Persons: NJOY, Altria, Murray Garnick Organizations: Altria, Juul Labs, U.S . International Trade Commission, NJOY, ITC, U.S . Food, Drug Administration, CNBC, Juul, District of Locations: New York, Marlboro, U.S, District of Delaware
☆ Altria agrees to $235 mln settlement to resolve Juul-related cases
  + stars: | 2023-05-10 | by ( Ananya Mariam Rajesh Brendan Pierson | Ananya Mariam Rajesh | Brendan Pierson | ) www.reuters.com   time to read: +2 min
The deal ends nearly all of the litigation brought against the tobacco giant over Juul by local government bodies and individuals across the United States. Altria expects to record a pre-tax charge of $235 million in the second quarter of 2023 and intends to exclude it from adjusted earnings per share. As of December, its share of Juul was valued at $250 million, down from $12.8 billion in 2018. They said Altria helped the strategy by letting Juul use its sales force and place its products next to Altria's on shelves. Juul previously settled most of the cases against it, paying more than $1 billion to 48 states and territories and $1.7 billion to individuals and local government entities.
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