FTC Sues to Unwind Altria's $12.8 Billion Investment in Competitor JUUL
April 03, 2020
April 03, 2020
WASHINGTON, April 3 -- The Federal Trade Commission issued the following news release:
The Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) alleging that Altria Group, Inc. and JUUL Labs, Inc. entered a series of agreements, including Altria's acquisition of a 35% stake in JUUL, that eliminated competition in violation of federal antitrust laws.
"For several . . .
The Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) alleging that Altria Group, Inc. and JUUL Labs, Inc. entered a series of agreements, including Altria's acquisition of a 35% stake in JUUL, that eliminated competition in violation of federal antitrust laws.
"For several . . .