Tobacco.org

• Law firm won't seek to stop Altria's Kraft spinoff  

Attorneys for plaintiffs in a tobacco liability lawsuit said on Wednesday that they would not seek a court order to try to bar Altria Group Inc.'s spin-off of Kraft Foods Inc. . . .

Law firm Cohen Milstein Hausfeld & Toll in Washington, which represents smokers who contend tobacco companies misled them into thinking that light cigarettes were safer than regular cigarettes, said in a statement that it would not pursue a possible injunction against the planned spin-off.

"After intense investigation and attempted coordination with the United States Department of Justice, which declined to move forward on the issue, Cohen, Milstein, Hausfeld & Toll has concluded that there does not appear a sufficiently strong legal basis to justify proceeding against Altria in an attempt to prevent the spin-off," the law firm said.

Jump to full article »