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Lorillard Joins Suit Against FDA Cigarette-Label Rule

DOW JONES NEWSWIRES Lorillard Inc. (LO) said it is suing the U.S. Food and Drug Administration to prevent it from forcing the cigarette maker to put graphic warning labels on its products. The company said it has joined peers Reynolds American Inc.'s (RAI) R.J. Reynolds, Imperial Tobacco Group PLC's (IMT.LN) Commonwealth Brands and Vector Group Ltd.'s (VGR) Liggett in opposing the new regulation, which would require that all cigarette packaging and advertising feature pictures depicting the adverse health effects of smoking by Sept. 22, 2012. The FDA currently only requires text warning labels, though other countries have already adopted visual warnings. Lorillard, the third largest U.S. cigarette manufacturer by revenue, dominates the market for menthol cigarettes, which remain popular with young adults despite declining smoking rates among the larger U.S. population. The company on Tuesday called the labels an unconstitutional way of forcing tobacco firms to spread the government's anti-smoking message and requested an injunction to delay the rule's implementation. "The notion that the government can require those who manufacture a lawful product to emblazon half of its package with pictures and words admittedly drafted to persuade the public not to purchase that product cannot withstand constitutional scrutiny," Lorillard attorney Floyd Abrams said. Lorillard shares were recently up 0.5% at $105.65 after hours. The stock has gained 41% over the past year through the close. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; andrew.fitzgerald@dowjones.com

Stock News for Vector (VGR)
DateTimeHeadline
03/25/201503:43:45Sector Leaders Hone 53.52% Edge As Highest Yield, Lowest Price...
03/25/201503:36:149 Top Sector Dividend Dogs Dish Out 22% To 47% March Upsides
03/23/201508:09:31Don't cry for tobacco stocks
03/21/201502:28:01Take These Dividends And Call Me In The Morning: Inoculation...
03/19/201523:20:3924.79% Dominance For 5 Contender Highest Yield, Lowest Price...
03/19/201522:25:2910 Tough Contender Dividend Dogs Deal 13% To 39% Mid-March Upsides
03/19/201506:09:34Amended Statement of Changes in Beneficial Ownership (4/a)
03/17/201517:19:01Amended Current Report Filing (8-k/a)
03/17/201506:01:37Current Report Filing (8-k)
03/16/201516:05:00Morgans Hotel Group Names Howard Lorber And Kenneth Cruse To...
03/13/201517:15:33I Made $XX,XXX.00 Today: Cashing In Would Be Like Cashing Out
03/12/201502:30:46U.K. passes cigarette pack branding ban
03/11/201505:41:57England to vote on cigarette pack branding ban
03/09/201500:11:0033.32% Edge For 5 5-Star Highest Yield, Lowest Price, March Dogs
03/04/201508:30:00Vector Group Declares Quarterly Cash Dividend
03/03/201506:01:35Notification That Annual Report Will Be Submitted Late (nt 10-k)
03/02/201518:50:08Vector Group's (VGR) CEO Howard Lorber on Q4 2014 Results - Earnings...
03/02/201508:07:55Vector beats by $0.01, beats on revenue
03/02/201508:00:00Vector Group Reports Fourth Quarter and Full Year 2014 Financial...
03/01/201517:30:26Notable earnings before Mondayâs open

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