Judge Approves Final Altria Shareholder Settlement, Reduces Attorney Fees

Mealey's ( February 22, 2023, 1:08 PM EST) -- RICHMOND, Va. — A Virginia federal judge granted final approval to a $117 million settlement of shareholder claims against tobacco company Altria Group Inc. for harming the company by investing in Juul Labs Inc. (JLI) after a third set of revisions but issued a slightly reduced attorney fees award of $15 million after noting that finalization of the settlement required “a healthy dose of assistance from the Court.”...