Judge Unpersuaded By Reconsideration Arguments In Philip Morris Stock-Drop Suit

(October 14, 2020, 10:05 AM EDT) -- NEW YORK — A federal judge in New York on Sept. 21 ruled that lead plaintiffs in a securities class action lawsuit against tobacco company Philip Morris International Inc. and several of its senior executives have failed to sufficiently establish circumstances that would warrant her to reconsider her earlier ruling granting the defendants’ motion to dismiss claims that they misrepresented both clinical study results for an e-cigarette product Philip Morris manufactured and the product’s financial performance in Japan  (In re Philip Morris International Inc. Securities Litigation, No. 18-8049, S.D. N.Y., 2020 U.S. Dist. LEXIS 172552)....