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Headlines Tagged with ITG Brands 112 headlines found

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Judge orders R.J. Reynolds to keep paying Florida millions

When Bondi filed the suit last January, she said Florida was already owed $45 million and could lose $30 million a year going forward. Gillen said until R.J. Reynolds has its obligation to pay Florida transferred to Imperial Tobacco Group, it must continu
Columbus (IN) Republic
added Dec 28, 2017 22:59
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Electronic cigarette sales rebound ahead of tighter FDA regulations

the jump coming in part from smokers buying more products before stiffer federal regulations began Aug. 8... “We also believe the industry’s push to innovate ahead of deeming regulations contributed, (while) NJoy’s bankruptcy filing (of Sept. 16) undersco
Winston-Salem (NC) Journal
added Sep 22, 2016 17:26
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[North Carolina] ITG Brands clarifies production plans

G on Friday took over the Lorillard operations and workforce, including its Greensboro headquarters and plant, which Reynolds American Inc. didn't acquire as part of its $29.25 billion purchase of Lorillard. Reynolds essentially bought Newport, the No. 2
Winston-Salem (NC) Journal
added Jun 21, 2015 14:10
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[North Carolina] The Big Day: Reynolds completes acquisition of Lorillard today

Business as usual is the expected game plan as two Triad tobacco manufacturers completed today the largest corporate acquisition in industry and regional history. The final purchase price comes in at $29.25 billion for Reynolds American Inc.’s megadeal f
Winston-Salem (NC) Journal
added Jun 12, 2015 16:46
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RJR Stay Denied In Del. Dispute Over Florida Tobacco Levy ($$)

lost a bid Thursday in Delaware Chancery Court for a hold order on a suit in which ITG Brands LLC is contesting its role and liability in a state-of-Florida action demanding $30 million a year in tobacco settlement payments.
Law360
added May 19, 2017 05:30
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[North Carolina] Imperial says U.S. subsidiary proceeding as planned

However, a leading tobacco analyst questions how much market share ITG has lost from the 10 percent it had at the closing of the Reynolds American Inc.-Lorillard Inc. megadeal.
Winston-Salem (NC) Journal
added Feb 11, 2016 19:25
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VIDEO: Minnesota Files Lawsuit to Get Tobacco Company To Pay Up

A lawsuit has been filed against ITG Brands, a company that acquired big tobacco brands like Kool, Winston, Salem and Maverick. The suit claims ITG "has not joined the state's tobacco settlement and payments are not being made on sales of the transferre
KSTP-TV 5 (Saint Paul, MN)
added Mar 29, 2018 01:20
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STATE OF FLORIDA v. AMERICAN TOBACCO COMPANY, R.J. REYNOLDS TOBACCO COMPANY et al.: THE STATE’S MOTION TO JOIN ITG BRANDS, LLC AS A DEFENDANT AND TO ENFORCE THE SETTLEMENT AGREEMENT

The State is presently owed more than $45 million and will continue to suffer annual losses of approximately $30 million absent the Court’s enforcement of the Settlement Agreement that it approved and adopted more than 20 years ago. Pursuant to that Sett
Amazon CloudFront
added Jan 20, 2017 20:47
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[Florida] Fla. Sues RJR For Stopping Payments Under Tobacco Deal ($$)

the state has stopped receiving annual tobacco settlement payments for the Winston, Kool and Salem cigarette brands since R.J. Reynolds Tobacco Co. sold them to ITG Brands LLC for $7 billion. Attorney General Pam Bondi filed an enforcement motion against
Law360
added Jan 19, 2017 15:31
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Price hikes help tobacco industry overcome lower sales volumes

Cigarette manufacturers’ ability to get smokers to absorb rounds of price increases contributed to additional revenue increases, according to a leading tobacco-industry analyst. Bonnie Herzog with Wells Fargo Securities said Tuesday that the price increa
Winston-Salem (NC) Journal
added Aug 25, 2016 05:13
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