Altria takes $4.5bn charge for e-cigarette investment amid probe

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Altria takes $4.5bn charge for e-cigarette investment amid probe
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The Marlboro owner faces a Federal Trade Commission inquiry into its role in recent hirings and firings at partner Juul Labs.

Now the FTC has launched a fresh inquiry into any role Altria may have played in Juul's executive shakeup.

According to Altria's quarterly filing with the Securities and Exchange Commission, the FTC is"seeking information regarding, among other things, Altria's role in the resignation of Juul's former chief executive officer and the hiring by Juul of any current or former Altria director, executive or employee".

 

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