Judge Won’t Dismiss Securities Claims Against Altria For Investment In Juul

Mealey's (March 16, 2021, 1:16 PM EDT) -- RICHMOND, Va. — A federal judge in Virginia on March 12 declined to dismiss the bulk of shareholders’ allegations in a putative securities class action against Altria Group Inc., e-cigarette maker Juul Labs Inc. and the companies’ executives who the plaintiffs say concealed the regulatory and legal risks associated with Juul’s alleged youth marketing when Altria acquired 35 percent of the company in December 2018....

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