LOS ANGELES, CA / ACCESSWIRE / October 4, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Altria Group, Inc. ("Altria" or "the Company") (NYSE:MO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Financial Times reported on September 24, 2019, that Philip Morris International called off talks of $200 billion merger with Altria due to scrutiny of the vaping industry and the Company's 35% stake in market leader Juul Labs. Juul announced on the same day it was the subject of another federal investigation. Juul announced its CEO would step down and the firm would stop all advertising in the United States on September 25, 2019.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm
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