Altria Seeks Importation Ban Of JUUL E-Vapor Products; Subsidiary NJOY Files Patent Infringement Actions Against JUUL Labs
Portfolio Pulse from Benzinga Newsdesk
Altria Group, Inc. (MO) is seeking an importation ban on JUUL Labs' e-vapor products, alleging patent infringement. Altria's subsidiary, NJOY, has filed patent infringement actions against JUUL Labs.
August 22, 2023 | 4:33 pm
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POSITIVE IMPACT
Altria's legal action against JUUL Labs could potentially disrupt JUUL's product supply, which may benefit Altria if the importation ban is successful.
Altria's legal action against JUUL Labs for patent infringement could potentially disrupt JUUL's product supply if the importation ban is successful. This could lead to a decrease in competition for Altria in the e-vapor market, which may positively impact Altria's market share and revenues.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100