Philip Morris USA Confirms Receipt of $1.2 Billion in Escrow Funds Related to the Engle Class Action in Florida |
NEW YORK--(BUSINESS WIRE)--Dec. 3, 2007--Regulatory News:
Philip Morris USA (PM USA), the U.S. tobacco subsidiary of Altria
Group, Inc. (NYSE: MO) confirmed today that it received $1.2 billion
in funds held in an escrow account under the bond stipulation in the
Engle smoking and health class action in Florida. PM USA also said it
will immediately seek the discharge of a $100 million appeal bond in
the same case.
CONTACT: Altria Group, Inc.
Media Center
917-663-2144
SOURCE: Altria Group, Inc.
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