Philip Morris Loses Chancery Bid To Join Reynolds-ITG Suit

By Jeff Montgomery (April 1, 2024, 6:52 PM EDT) -- Philip Morris' "inexcusable," years-long inaction doomed its request to intervene for a cut of millions of dollars in profit adjustments, headed toward a Chancery Court trial later this year, in a dispute between two other tobacco giants over how much each party owes under a settlement with Florida, a Delaware vice chancellor ruled Monday....

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