ADVFN - Advanced Financial Network.
HOME» NYSE » V » VGR Stock Price » VGR Stock News

Vector Share News

 Vector Grp. Ltd Stock Price
VGR Stock Price
 Vector Grp. Ltd Stock Chart
VGR Stock Chart
 Vector Grp. Ltd Stock News
VGR Stock News
 Vector Grp. Ltd Company Information
VGR Company Information
 Vector Grp. Ltd Stock Trades
VGR Stock Trades

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
02/14/201219:43:38Icahn Reports No Shares Of Clorox, Vector Group, More Shares...
11/23/201111:26:04Applications Given Early Antitrust Clearance
08/16/201117:58:26Lorillard Joins Suit Against FDA Cigarette-Label Rule
08/15/201120:35:49WSJ: Big Investment Funds Mixed On Approach To Bank Investments...
08/15/201118:19:04Icahn Reports New Stakes In Vector Group, El Paso - Filing
08/31/201012:45:16Borders To Cut Prices On Kobo, Aluratek E-Book Readers
06/03/201018:30:12Borders Group: Chairman LeBow To Be CEO; Edwards To Lead Unit
05/21/201009:23:51Borders Announces $25 Million Investment From Vector Group's...

Vector and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad