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Altria cuts Juul investment by US$4.1 bil

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Announcement is latest setback for once high-flying e-cigarette company. FMTNews

NEW YORK: Altria once again slashed the value of its stake in Juul on Thursday, as the once high-flying e-cigarette company faces lawsuits and a regulatory crackdown.

“Litigation is subject to uncertainty and it is possible that there could be adverse developments in pending or future cases.” Vaping came under additional scrutiny in late summer due to a health scare over cases of severe and sometimes deadly lung ailments, although that was later linked to a substance used in cannabis products.

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