Altria Can't Snub Out Fraud Claims Over Juul Investment

By Dean Seal (March 12, 2021, 11:40 PM EST) -- A Virginia federal judge on Friday shot down a bid to dismiss allegations that tobacco giant Altria Group Inc. knew Juul Labs Inc. was marketing to underage consumers but stayed mum about it when it invested billions in the nascent vaping company.

U.S. District Judge David J. Novak found that a putative class of Altria investors had alleged "an abundance of facts showing that" Juul targeted youth and "sufficient facts" demonstrating that Altria and Juul knew of the marketing scheme and the risks it posed to each company after Altria bought a 35% stake in Juul in December 2018 for $12.8...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!