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Philip Morris, Reynolds American Settle Database Dispute With DOJ

DOW JONES NEWSWIRES Altria Group Inc.'s (MO) Philip Morris USA and Reynolds American Inc.'s (RAI) R.J. Reynolds agreed to improve public availability of internal documents about tobacco industry practices and pay $6.3 million into a fund to do so, the U.S. Justice Department said Wednesday. The agreement resolves a dispute between tobacco companies and the U.S. about the online document databases. According to the department, a court in 2006 ordered the creation of the databases after ruling cigarette companies had suppressed internal documents, information and research in order to deliberately deceive consumers about tobacco's health effects and a range of industry practices like manipulating cigarette design to increase addiction and marketing to youth. The court ordered the companies provide public access to all documents they turned over in all smoking-and-health lawsuits in the U.S. for the next 15 years through online document websites and a hard-copy archive known as the Minnesota Depository. The companies agreed to pay $6.3 million to a court fund supporting the online collection of tobacco documents. The proposed consent order will not become final until it is reviewed and signed by the court. Messages left with both companies seeking comment weren't returned immediately. Altria shares were down 24 cents at $28.75, while Reynolds American's were down 18 cents at $40.57. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Altria (MO)
DateTimeHeadline
09/22/201615:15:00Altria Announces Consummation of Cash Tender Offer and Final...
09/20/201609:12:56Current Report Filing (8-k)
09/20/201609:00:00Altria Announces Expiration of Cash Tender Offer; Reaffirms 2016...
09/19/201613:30:00Altria Announces Consideration for Cash Tender Offer
09/16/201615:38:18Current Report Filing (8-k)
09/15/201618:00:00FDA Cracks Down on Online Sales by E-Cigarette Industry
09/15/201610:52:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/14/201606:03:39Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/13/201609:13:17Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/13/201609:00:39Current Report Filing (8-k)
09/13/201608:55:00Altria Announces Cash Tender Offer for Any and All of Its 9.95...
09/07/201609:14:59Current Report Filing (8-k)
09/07/201608:45:00Altria Presents at the Barclays Global Consumer Staples Conference;...
08/25/201615:00:00Altria Increases Quarterly Dividend by 8.0% to $0.61 per Common...
08/24/201610:00:00Altria to Host Webcast from the Barclays Global Consumer Staples...
08/23/201614:50:00SABMiller Says U.K. Court Agrees Largest Shareholders Can Be...
08/23/201608:11:00Court Lets SABMiller Treat Biggest Shareholders as Separate Class...
08/23/201608:10:00Court Lets SABMiller Treat Biggest Shareholders as Separate Class...
08/08/201615:46:06Statement of Changes in Beneficial Ownership (4)
08/05/201615:49:49Statement of Changes in Beneficial Ownership (4)

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