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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;

Stock News for Vector (VGR)
03/28/201717:14:41Amended Statement of Beneficial Ownership (sc 13d/a)
03/10/201717:04:12Current Report Filing (8-k)
03/10/201716:48:45Additional Proxy Soliciting Materials (definitive) (defa14a)
03/10/201716:37:04Proxy Statement (definitive) (def 14a)
03/07/201716:45:00Vector Group Declares Quarterly Cash Dividend
03/01/201716:32:08Annual Report (10-k)
03/01/201716:14:28Current Report Filing (8-k)
03/01/201716:05:00Vector Group Reports Fourth Quarter and Full-Year 2016 Financial...
02/23/201717:00:00Vector Group to Host Fourth Quarter and Full-Year 2016 Results...
02/14/201709:38:00Statement of Ownership (sc 13g)
02/10/201716:03:05Amended Statement of Ownership (sc 13g/a)
01/27/201717:03:10Current Report Filing (8-k)
01/23/201716:47:53Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
01/20/201706:03:28Current Report Filing (8-k)
01/19/201717:35:45Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
01/19/201717:11:00Vector Announces Pricing of $850 Million of 6.125% Senior Secured...
01/19/201706:03:46Current Report Filing (8-k)
01/18/201716:44:00Vector Announces Commencement of Notes Offering of $850 Million...
01/04/201717:27:57Amended Statement of Beneficial Ownership (sc 13d/a)
12/09/201616:41:44Current Report Filing (8-k)

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