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In Re Altria Group, Inc. Derivative Litigation
Case Number:
3:20-cv-00772
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
- Arnold & Porter
- Ballard Spahr
- Butler Curwood
- Cleary Gottlieb
- Dechert LLP
- Hunton Andrews
- Keker Van Nest & Peters
- King & Spalding
- Kirkland & Ellis
- Latham & Watkins
- McGuireWoods
- Motley Rice
- Nixon Peabody
- Orrick Herrington
- Rigrodsky Law
- Robbins LLP
- Ruggeri Parks
- Saxena White
- Schubert Jonckheer
- Scott&Scott
- Shapiro Haber
- Shuman Glenn
- Troutman
- Wachtell Lipton
- Webster Book LLP
Companies
Sectors & Industries:
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February 21, 2023
Altria Judge Cuts $17.5M Atty Fee Bid Citing 'Paper Tiger' Deal
A Virginia federal judge has refused to award investors' counsel $17.5 million in fees for securing a $117 million derivative shareholder deal with tobacco giant Altria Group, awarding $15 million instead because of his "significant" involvement in revising the initial "paper tiger" settlement, which he said "rang hollow."
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December 21, 2022
The Largest Securities Settlements Announced In 2022
From a billion-dollar deal in Delaware to a hard-fought battle over a bribery scandal involving Ohio's legislature, securities litigators secured big settlements this year that sprang from both class actions and derivative suits, with a high number of resolutions occurring in Delaware Chancery Court.
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December 21, 2022
Altria Investors Request $17.5M Atty Fees After $117M Deal
The attorneys who secured a $117 million deal with tobacco company Altria Group on behalf of its investors will walk away from the litigation with $17.5 million if a Virginia federal judge approves their unopposed request for attorney fees.
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October 26, 2022
Altria Investors' $117M Deal Gets OK 2nd Time Around
A Virginia federal judge gave preliminary approval to the "enhanced" version of Altria Group investors' proposed $117 million settlement with the tobacco company on Wednesday after having called a previous version of the deal "inadequate."
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October 18, 2022
Altria Investors Take Another Shot At $117M Deal Approval
Investors in tobacco company Altria Group Inc. on Tuesday asked a Virginia federal judge to give his blessing to an "enhanced" version of their proposed $117 million settlement with the company, a deal the judge had previously called "inadequate."
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August 26, 2022
Judge Denies 'Inadequate' $117M Altria Investor Settlement
A Virginia federal judge declined to give the initial OK to a proposed $117 million settlement between tobacco giant Altria Group Inc. and shareholders in a consolidated derivative action, calling the deal "inadequate."
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May 07, 2021
Altria Says Motley Rice Can't Be Co-Lead Counsel In Juul Row
Tobacco behemoth Altria Group Inc. has asked a Virginia federal judge to disqualify Motley Rice LLC from being named co-lead counsel in a consolidated shareholder derivative suit against Altria and Juul Labs Inc. executives, saying Motley Rice has a conflict of interest because it is representing other clients currently suing Altria.
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April 23, 2021
4 Firms Eye Lead In Investor Suit Over Altria's $13B Juul Deal
Motley Rice LLC, Scott + Scott Attorneys at Law LLP and two other firms have urged a Virginia federal judge to make them lead counsel in a consolidated shareholder derivative suit against Altria Group Inc. and Juul Labs Inc., over allegations Altria directors and officers ignored known risks when making a "disastrous" $12.8 billion investment in Juul.