U.S. Sues to Unwind Altria’s $12.8 Billion Investment in Juul

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U.S. Sues to Unwind Altria’s $12.8 Billion Investment in Juul
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The FTC is suing Altria to unwind its $12.8 billion investment in Juul, alleging that the Marlboro maker violated antitrust laws in the 2018 deal

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“Altria and Juul turned from competitors to collaborators by eliminating competition and sharing in Juul’s profits,” Ian Conner, director of the agency’s Bureau of Competition, said in a press statement.

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Wow!

How is this even legal?

Ah, abusing the laws to throw their dicks around. Gotta love petty bureaucrats.

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