Philip Morris USA News
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The new health regulator in charge of tobacco said the U.S. Food and Drug Administration will begin to take action soon on major decisions from the effects of menthol to the marketability of newer products.
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Altria Group Inc.’s Philip Morris U.S.A. unit falsely marketed its “light” cigarettes as a healthier choice than regular cigarettes and should pay $543.6 million in restitution to California smokers, a lawyer said at the start of a trial.
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The Florida Supreme Court reaffirmed its 2006 “Engle” ruling that made it easier for thousands of smokers to sue tobacco companies for smoking- related illnesses.
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U.S. tobacco companies including Altria Group Inc.’s Philip Morris USA said they will appeal a judge’s ruling ordering them to publish warnings with their products, in advertisements and on their websites saying they lied to the public about the health hazards of smoking.
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Cigarette makers including Altria Group Inc.’s Philip Morris USA unit lost a bid to end court monitoring of their marketing practices established under the U.S. government’s 13-year-old racketeering lawsuit.
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U.S. tobacco companies including Altria Group Inc.’s Philip Morris USA were told by a judge they must publish warnings with their products, in advertisements and on their websites saying they lied to the public about the health hazards of smoking.
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Mattel Inc. has won dismissal of an antitrust lawsuit by MGA Entertainment Inc., the toymaker that sought $1 billion in damages alleging Mattel violated antitrust laws in a dispute over Bratz dolls.
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Altria Group Inc .’s Philip Morris USA Inc. should face claims by a smoker who sued the cigarette maker for lung cancer years after becoming ill, the California Supreme Court said.
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More than $20 billion of municipal bonds backed by funds from tobacco companies were placed on review by Moody’s Investors Service, which said an agreement over disputed payments would reduce cash flow to the debt.
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Altria Group Inc.’s Philip Morris USA and two other cigarette makers lost a $20 million verdict in Florida state court in Fort Lauderdale.
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