Buyer Seeks To Litigate Tobacco Suit In Delaware Chancery Court

(March 14, 2017, 2:14 PM EDT) -- WILMINGTON, Del. — ITG Brands on Feb. 17 sued Reynolds American Inc. and R.J. Reynolds Tobacco Co. (RJRT) (collectively the Reynolds defendants) in the Delaware Chancery Court, seeking an injunction that would force the Reynolds defendants to dismiss their complaint against ITG in Florida state court over the sale of four cigarette brands to ITG Brands in conjunction with the Reynolds defendants’ takeover of Lorillard Tobacco Co. ITG is seeking to resolve the claims in the Chancery Court (ITG Brands LLC v. Reynolds American Inc., et al., No. 2017-0129, Del. Chanc.)....

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