May 26, 2017
The Fourth Circuit on Friday said it would not review a panel decision upholding R.J. Reynolds Tobacco Co.'s victory in an Employment Retirement Income Security Act class action alleging that the improper divestiture of Nabisco stock by the tobacco giant's retirement plan following the 1999 breakup of RJR Nabisco Inc. cost plan participants more than $50 million.
February 19, 2016
A North Carolina federal judge handed tobacco giant RJ Reynolds a victory Thursday in a $50 million Employee Retirement Income Security Act class action in which former employees said the company breached its duty during its 1999 spin-off when it divested stock from their retirement fund that subsequently soared.
June 02, 2011
A federal judge in North Carolina ruled Wednesday that an amendment to an R.J. Reynolds Tobacco Co. retirement plan that eliminated Nabisco stock from the plan was invalid, bolstering plaintiffs' claims in a class action breach of fiduciary duty suit.