The Profiteer January – February 2023
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Summary of Corrective Statements Point-Of-Sale Settlement Agreement In 1999, the United States Government sued the major cigarette companies asserting claims under various federal laws. In 2006, a federal judge entered judgment in favor of the Government on certain claims and, among other things, ordered Altria, R.J. Reynolds Tobacco Company, and Philip Morris USA Inc. to make…
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June 25, 2022 JUUL SEEKS STAY AFTER FDA ISSUES MDOs In response the Food and Drug Administration’s (FDA) marketing denial orders (MDOs) to Juul Labs Inc., the company said it is seeking a stay and “exploring all of our options under the FDA’s regulations and the law, including appealing the decision and engaging with our…