Altria (MO) Shrugs Off Court Ruling

The case was important enough to appeal to the US Supreme Court. Altria (MO) wanted the cases against it regarding it marketing of "light" cigarettes heard in federal court. The plantiffs wanted it to stay in the state venue.

According to The Wall Street Journal: "The class-action lawsuit alleges Philip Morris violated Arkansas laws with deceptive marketing of its cigarette brands Marlboro Lights and Cambridge Lights".

But, if the decision was important, Wall St. ignored it. MO shares were flat at $70.33. Sound and fury signifying nothing.

Douglas A. McIntyre