ALA Altria Group

13.28

0.00 (0.00%)

23 Jan 2025 - Closed

Delayed by 15 minutes

Philip Morris USA Confirms Receipt of $1.2 Billion in Escrow Funds Related to the Engle Class Action in Florida

    


Altria Group Inc



Philip Morris USA (PM USA), the U.S. tobacco subsidiary of Altria Group, Inc.
(NYSE: MO) confirmed today that it received $1.2 billion in funds held in an
escrow account under the bond stipulation in the Engle smoking and health class
action in Florida. PM USA also said it will immediately seek the discharge of a
$100 million appeal bond in the same case.

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