Juul, Altria Tell FTC E-Cig Competition Grew After They Joined Forces

Mealey's (September 13, 2021, 9:17 AM EDT) -- WASHINGTON, D.C. — Tobacco manufacturer Altria Group Inc. and e-cigarette maker Juul Labs Inc. argue in an Aug. 24 post-trial brief to an administrative law judge that the Federal Trade Commission at a recent trial failed to prove that Altria's allegedly anti-competitive $12.8 billion acquisition of a 35% stake in Juul was a “secret conspiracy” and claim that competition in the e-cigarette market increased after the investment....