Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Altria Group Inc    MO

Delayed Quote. Delayed  - 06/24 10:01:07 pm
67.02 USD   +1.07%
06/20 ALTRIA : U.S. Supreme Court Puts an End to Price “Lights&rdquo..
06/13 ALTRIA GROUP IN : ex-dividend day
06/07 ALTRIA : FDA faces lawsuits from cigar manufacturers on new regulati..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Altria : U.S. Supreme Court Puts an End to Price “Lights” Case

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/20/2016 | 04:30pm CEST

The United States Supreme Court today declined plaintiffs’ petition for review in the Price case, bringing this long-running case to a close.

In 2015, plaintiffs in the Price case failed to persuade the Illinois Supreme Court to reinstate a multi-billion dollar judgment against Philip Morris USA (PM USA). Thereafter, plaintiffs petitioned the U.S. Supreme Court, asking that Court to order the recusal of one of the Illinois Supreme Court justices.

“Today’s action by the U.S. Supreme Court effectively ends this case once and for all,” said Murray Garnick, Altria Client Services senior vice president and associate general counsel, speaking on behalf of PM USA. “Almost 10 years ago this case was dismissed against Philip Morris USA, and, after countless hearings, motions and legal maneuvers by the plaintiffs to reinstate judgment, the outcome remains the same.”

The Price case began in 2000 and alleged that PM USA deceived Illinois smokers who purchased Marlboro Lights and Cambridge Lights cigarettes. The plaintiffs sought a refund of a portion of the purchase price. After a three-month trial in 2003, a Madison County Circuit Court judge imposed a $10.1 billion judgment against PM USA. Plaintiffs since then have pursued multiple legal strategies in support of the judgment. The Illinois Supreme Court, however, overturned that judgment in 2005 and reaffirmed its decision in 2015.

The case is Price v. Philip Morris Incorporated, case number 15-947.

Take a closer look at Altria and its companies on altria.com.

Follow Altria on Twitter at @AltriaNews.


© Business Wire 2016
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on ALTRIA GROUP INC
06/20 ALTRIA : U.S. Supreme Court Puts an End to Price “Lights” Case
06/13 ALTRIA GROUP INC : ex-dividend day
06/07 ALTRIA : FDA faces lawsuits from cigar manufacturers on new regulations
05/26DJALTRIA : Sues U.S. to Keep 'Black & Mild' Cigar Name
05/26DJALTRIA : Sues U.S. to Keep 'Black & Mild' Cigar Name
05/24 ALTRIA : Family of Late Baseball Superstar Gwynn Sues Tobacco Giant
05/19 ALTRIA GROUP, INC. : Submission of Matters to a Vote of Security Holders, Regula..
05/19 ALTRIA : Holds 2016 Annual Meeting of Shareholders; Board of Directors Declares ..
05/18DJSABMiller Profit Drops on Charges, Currencies
05/16 ALTRIA : Up in smoke? Cigarette tax faces lobbying headwinds
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials