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[UK] Takeover bid from Japan Tobacco on Imperial Tobacco extremely unlikely, Citi says

The chief reason is that Japanese laws require the government to maintain a one-third stake in JT. To circumvent antgi-trust legislation JT might buy 60% of Imperial, but that would push its leverage, in terms of net debt to EBITDA to near 5%, far exceed
Digital Look (uk)
added Apr 28, 2017 22:48
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[Florida] Appeals court tosses out $23 billion tobacco verdict

A three-judge panel of the 1st District Court of Appeal, in an 18-page ruling, blasted an attorney for the estate of Michael Johnson Sr., pointing to the "depth and pervasiveness" of improper closing arguments in the Escambia County case. "It is clear
Northwest Florida News
added Feb 25, 2017 00:54
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[Florida] Tobacco Giants Largely Avoid Blame In Engle Progeny Trial ($$)

Reynolds and Philip Morris on Friday emerged largely unscathed from a nearly $5 million Engle progeny trial, with jurors finding a deceased smoker mostly to blame for her own cancer and emphysema and awarding just $65,000, but finding that the tobacco gia
Law360
added Jul 2, 2016 17:47
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[Canada] Regina woman charged after allegedly smoking on flight, refusing to put cat in kennel

It’s also alleged that she locked herself inside a washroom on the aircraft and smoked a cigarette, risking the safety of the 116 passengers and crew aboard the flight. Leandra Lynn Newman has been charged under the Canadian Aviation Regulations with smo
Canadian Television (CTV) (ca)
added Mar 5, 2016 00:46
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[Florida] Fla. Court Told Attys' Fees In Engle Progeny Case Are Invalid ($$)

that counsel for the daughter of a deceased smoker, awarded $1.26 million in damages after two significant reductions, are not contractually entitled to $965,000 in attorneys' fees, saying that figure was invalidated when the court...
Law360
added Feb 25, 2016 21:53
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[Canada] SELICK: Another taxing hot potato for Canadian politicians: e-cigarettes

despite all these clear advantages of the vaping revolution, governments have dug in their heels, seemingly determined to bring it to a screeching halt. Major cities, including Vancouver and Calgary, have adopted bylaws discouraging vaping.
Business in Vancouver (ca)
added Jan 12, 2016 19:06
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[Texas] Sale of e-cigarettes to Texans under 18 will be a crime

They come in flavors as sugary sweet as kids’ cereal and as tempting as pizza and popcorn. But starting Oct. 1, the nicotine-laced vapor of e-cigarettes will be legally off-limits for Texans younger than 18.
Dallas Morning News
added Aug 30, 2015 23:40
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Japan Tobacco to shut Moscow plant as Russian cigarette market shrinks

"The operating environment has changed dramatically in Russia, with significant declines in tobacco demand driven by tax increases, tighter regulations and a challenging economic situation," the company said in a statement.
Reuters
added Jul 31, 2015 09:08
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RESPONSE OF ALTRIA GROUP, INC. AND PHILIP MORRIS USA INC. TO ORDER #54-REMAND 2015-06-01

state that they did not provide the Court with any information or assurances at the hearing on May 19, 2015... Altria and PM USA take no position with respect to any request of R.J. Reynolds and Lorillard that this Court enter the pending (Proposed) Unopp
Tobacco On Trial
added Jun 1, 2015 12:38
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Reynolds Said Set to Win Antitrust Clearance for Lorillard

The merger would allow the company to acquire Lorillard’s Newport menthol cigarette brand, whose popularity in urban areas will help Reynolds Chief Executive Officer Susan Cameron cope with slumping demand. The transaction is expected to help carve out $
Bloomberg News
added May 21, 2015 22:53
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