NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Altria Group, Inc. (NYSE: MO) resulting from allegations that Altria may have issued materially misleading business information to the investing public.
After market hours on September 24, 2019, the Financial Times reported that Philip Morris International had called off talks of a $200bn merger with Altria likely due to increasing public and governmental scrutiny of vaping and Altria’s 35% stake in industry-leading Juul Labs. That same day, Juul was announced as the target of another federal investigation. On September 25, 2019, it was widely reported that Juul Labs’ CEO would step down to be replaced by a former Altria executive and that Juul would stop all U.S. advertising.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered Altria investors. If you purchased shares of Altria please visit the firm’s website at http://www.rosenlegal.com/cases-register-1683.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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