Final Approval Of $90M Settlement Sought In Altria Securities Class Action

Mealey's (March 1, 2022, 1:20 PM EST) -- RICHMOND, Va. — Lead plaintiffs in a securities class action against Altria Group Inc., e-cigarette maker Juul Labs Inc. and the companies’ executives asked a federal judge in Virginia on Feb. 24 for final approval of a $90 million settlement to resolve shareholder claims that the defendants concealed the regulatory and legal risks associated with Juul when Altria invested in it and also moved for approval of an attorney fees award....

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