US sues to force Altria to unwind investment in JUUL

US sues to force Altria to unwind investment in JUUL

The U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its US$12.8 billion investment in e-cigarette maker JUUL.

FTC Presser on Facebook settlement in Washington
FILE PHOTO: Federal Trade Commission seal is seen at a news conference to announce that Facebook Inc has agreed to a settlement of allegations it mishandled user privacy at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas

WASHINGTON: The U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its US$12.8 billion investment in e-cigarette maker JUUL.

(Reporting by Diane Bartz; Editing by Sandra Maler)

Source: Reuters

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