• FTC sues to undo Altria’s $12.8 billion deal with Juul

    FTC sues to undo Altria’s $12.8 billion deal with Juul

    Federal officials have sued to undo tobacco giant Altria’s $12.8 billion investment in Juul over concerns that the two companies illegally quashed competition in the e-cigarette industry. The Federal Trade Commission filed an administrative complaint Wednesday to unwind the Marlboro maker’s December 2018 purchase of a 35 percent stake in Juul. Rather than battle with …