Vice Chancellor Denies Philip Morris’ Bid To Intervene In Brand Liability Dispute

Mealey's (April 2, 2024, 12:57 PM EDT) -- WILMINGTON, Del. — A vice chancellor of the Delaware Chancery Court on April 1 denied as untimely a motion by Philip Morris USA Inc. (PM) to intervene in litigation between Reynolds American Inc. and R.J. Reynolds Tobacco Co. (collectively, RJR) and ITG Brands LLC regarding ITG’s liability under a settlement with Florida for sales of cigarette brands ITG bought from RJR....