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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
05/26/201615:36:28Statement of Changes in Beneficial Ownership (4)
05/26/201613:50:00Altria Sues U.S. to Keep 'Black & Mild' Cigar Name
05/26/201613:36:00Altria Sues U.S. to Keep 'Black & Mild' Cigar Name
05/25/201610:33:23Specialized Disclosure Report (sd)
05/24/201615:44:29Statement of Changes in Beneficial Ownership (4)
05/24/201615:36:12Statement of Changes in Beneficial Ownership (4)
05/23/201616:29:48Statement of Changes in Beneficial Ownership (4)
05/23/201616:21:42Statement of Changes in Beneficial Ownership (4)
05/23/201616:19:21Statement of Changes in Beneficial Ownership (4)
05/23/201616:09:10Statement of Changes in Beneficial Ownership (4)
05/23/201615:58:35Statement of Changes in Beneficial Ownership (4)
05/23/201615:51:01Statement of Changes in Beneficial Ownership (4)
05/23/201615:47:43Statement of Changes in Beneficial Ownership (4)
05/23/201615:44:40Statement of Changes in Beneficial Ownership (4)
05/23/201615:40:44Statement of Changes in Beneficial Ownership (4)
05/23/201615:37:09Statement of Changes in Beneficial Ownership (4)
05/19/201615:38:39Current Report Filing (8-k)
05/19/201613:00:00Altria Holds 2016 Annual Meeting of Shareholders; Board of Directors...
05/18/201606:20:00SABMiller Profit Drops on Charges, Currencies
05/12/201610:30:00Altria to Host Webcast of 2016 Annual Meeting of Shareholders

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