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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Altria Group Inc (NYSE: MO) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Altria Group Inc (NYSE: MO) concerning whether a series of statements by Altria Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 24, 2019, a report by the Financial Times revealed that Philip Morris International called off talks of $200 billion merger with Altria due to scrutiny of the vaping industry and the Company’s 35% stake in market leader Juul Labs. Juul announced on the same day it was the subject of another federal investigation. Furthermore, Juul revealed its CEO would step down and the firm would stop all advertising in the United States on September 25, 2019.
Based in Richmond, Virginia, and founded in 1919 Altria Group Inc manufactures and sells cigarettes, smokeless products, and wine in the United States.
If you purchased shares of Altria Group Inc (NYSE: MO) on or before September 24, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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