DOVER, Del. (AP) — A Delaware judge says cigarette manufacturer ITG Brands assumed liability for tobacco settlement payments to the state of Florida when it acquired four brands from Reynolds American in 2015.
Vice Chancellor Lori Will also said in Friday’s ruling that ITG must compensate Reynolds American for losses due to that assumed liability. Reynolds sold the Kool, Winston, Salem and Maverick brands to ITG in 2014 to gain federal regulators’ approval of Reynolds’ acquisition of Lorillard Inc.
Before the sale closed, Reynolds American affiliate R.J. Reynolds Tobacco Co. was making payments under a preexisting settlement agreement with Florida for reimbursement of smoking-related health care costs.
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LONDON (AP) — King Charles III has decided not to attend the international climate change summit in Egypt next month, fueling speculation that the new monarch will have to rein in his environmental activism now that he has ascended the throne. The Sunday Times newspaper reported that the decision came after Conservative Prime Minister Liz Truss objected to Charles attending the conference, known as COP27, when she met with the […]
