Damages Owed By Cigarette Brands Buyer Must Go To Trial, Vice Chancellor Says

Mealey's (October 4, 2023, 2:04 PM EDT) -- WILMINGTON, Del. — A vice chancellor of the Delaware Chancery Court granted summary judgment in favor of Reynolds American Inc. and R.J. Reynolds Tobacco Co. (collectively, RJR) on its “entitlement to indemnification for the settlements payments made to Florida” under a state settlement that arose out of brands it previously sold to ITG Brands LLC, currently worth more than $198 million, but said the case must proceed to trial to “determine the precise amount that Reynolds may recover.”...