Juul Taps Centerview for Financing Amid Stay on FDA Ban [Business News Network (BNN) (Canada)]
Altria Group, Inc. (MO)
Last altria group, inc. earnings: 4/30 07:00 am
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Source: Business News Network
by federal regulators to ban its e-cigarettes from the US market, according to people with knowledge of the matter. Juul also is getting litigation and restructuring advice from Kirkland & Ellis and Alvarez & Marsal, said the people, who asked not to be identified because they aren't authorized to speak. The company is weighing options including a potential bankruptcy filing, which could change depending on the outcome of its appeal of the Food and Drug Administration's ban on Juul's vaping products and other factors, the people said. Juul is facing hundreds of millions of dollars in damages from a barrage of lawsuits alleging the company targeted minors. The FDA banned Juul's products on June 23, citing a lack of evidence demonstrating the overall safety of the company's products. The agency also noted Juul's “disproportionate role in the rise in youth vaping.” The FDA suspended its ban Tuesday, pending further scientific review. Related: Juul Continues Selling Vaping Products
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MO
Earnings
- 4/25/24 - In-Line
MO
Sec Filings
- 5/6/24 - Form 4
- 5/2/24 - Form 144
- 5/2/24 - Form 144
- MO's page on the SEC website