Judge Approves $90M Settlement In Altria-Juul Securities Class Action

Mealey's ( April 1, 2022, 11:16 AM EDT) -- RICHMOND, Va. — A Virginia federal judge on March 31 granted final approval to a $90 million settlement to resolve securities class action claims that tobacco company Altria Group Inc., e-cigarette maker Juul Labs Inc. and the companies’ executives concealed the regulatory and legal risks associated with Juul when Altria invested in it and granted the plaintiffs’ motion for attorney fees....