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Last updated on April 18, 2014 at 16:16 EDT

Latest Altria Group Stories

2006-08-17 16:12:27

WASHINGTON (Reuters) - A federal judge on Thursday ruled that cigarette makers were liable for a decades-long conspiracy to hide the dangers of smoking. But the judge declined to impose major monetary penalties on tobacco companies, such as funding a large anti-smoking campaign, as the government had sought. Targeted in the 1999 lawsuit were Altria Group Inc. and its Philip Morris USA unit; Loews Corp.'s Lorillard Tobacco unit, which has a tracking stock, Carolina Group; Vector Group...

2006-08-17 13:46:17

By Peter Kaplan WASHINGTON (Reuters) - A federal judge will hand down her ruling on Thursday in a government lawsuit that accuses cigarette makers of a decades-long conspiracy to hide the dangers of smoking. U.S. District Judge Gladys Kessler will issue a ruling at 4:30 p.m. EDT, on whether the tobacco companies are liable for violating racketeering laws, a court official said. If the judge rules against the companies, she also could decide what remedies to impose on them. Targeted...

2006-08-17 13:18:40

WASHINGTON (Reuters) - A federal judge will hand down her ruling on Thursday in a long-running government case that accuses cigarette makers of a decades-long conspiracy to hide the dangers of smoking. U.S. District Judge Gladys Kessler will issue the ruling at 4:30 p.m. EDT (2030 GMT), a court official said. Targeted in the 1999 lawsuit were Altria Group Inc. and its Philip Morris USA unit; Loews Corp.'s Lorillard Tobacco unit, which has a tracking stock, Carolina Group; Vector...

2006-07-06 14:42:46

By Jim Loney and Jane Sutton MIAMI (Reuters) - In a huge victory for the tobacco industry, the Florida Supreme Court on Thursday refused to reinstate a $145 billion punitive damages award against major cigarette makers found liable for selling a dangerous product. The long-awaited decision lifted one of the biggest financial clouds over tobacco companies and sent their stocks up sharply. It upheld the key part of a Florida appeals court ruling three years ago that overturned the...

2006-07-06 12:05:00

By Jane Sutton and Jim Loney MIAMI (Reuters) - In a huge victory for Big Tobacco, the Florida Supreme Court on Thursday refused to reinstate a $145 billion punitive damages award against major cigarette makers found liable for selling a dangerous product. The long-awaited decision sent tobacco stocks up sharply. The court upheld the key portion of a Florida appeals court ruling three years ago that overturned the punitive damages, at the time the largest award in a U.S. product liability...

2006-07-06 10:23:58

MIAMI (Reuters) - The Florida Supreme Court on Thursday refused to reinstate a $145 billion punitive damage award against the major tobacco companies. Defendants in the case include Altria Group Inc.'s Philip Morris USA unit; the R.J. Reynolds Tobacco Co. and Brown & Williamson units of Reynolds American Inc.; the Lorillard Tobacco Co. unit of Loews Corp and Vector Group's Liggett.

2006-06-15 11:31:03

By Brad Dorfman CHICAGO (Reuters) - An Ohio Supreme Court ruling against smokers who claim they were defrauded by Philip Morris USA's promotion of "light" cigarettes could be good news for investors waiting on parent company Altria Group Inc.'s planned break up, analysts said on Thursday. The court on Wednesday ruled that smokers claiming that Philip Morris defrauded them into thinking "light" cigarettes were safer than regular smokes could not sue the cigarette maker in one big...

2006-05-05 15:39:07

CHICAGO (Reuters) - The Illinois Supreme Court on Friday denied a plaintiff's petition to rehear a case in which it threw out a $10.1 billion verdict against Philip Morris USA over the marketing of certain cigarettes. Two justices dissented from the opinion. The initial $10.1 billion judgment in the class action case, in which the Altria Group Inc. unit was accused of defrauding consumers into thinking "light" cigarettes were safer than regular smokes, was handed down against Philip...

2006-05-05 11:54:05

By Jessica Wohl CHICAGO (Reuters) - The Illinois Supreme Court declined on Friday to rehear a case in which it previously threw out a $10.1 billion verdict against Philip Morris USA and an attorney for the plaintiffs in the class action vowed to appeal to the U.S. Supreme Court. "We thought at the very minimum that they would refer it to the Federal Trade Commission and we are stunned that they didn't," Stephen Tillery, an attorney for the plaintiffs, told Reuters. "I would hope...

2006-05-05 10:53:03

CHICAGO (Reuters) - The Illinois Supreme Court on Friday denied a plaintiff's petition to rehear a case in which it threw out a $10.1 billion verdict against Philip Morris USA over the marketing of certain cigarettes. Two justices dissented from the opinion. The initial $10.1 billion judgment in the class action case, in which the Altria Group Inc. unit was accused of defrauding consumers into thinking "light" cigarettes were safer than regular smokes, was handed down against Philip...