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Tuesday, August 22, 2023 1:28:34 PM
By: Investing.com | August 22, 2023
(Reuters) - Altria Group (NYSE:MO) said on Tuesday its subsidiary, NJOY, has filed a complaint against Juul Labs with the U.S. International Trade Commission, seeking a ban on the import and sale of certain Juul e-vapor products.
The company said Juul products infringe certain patents owned by NJOY and intends to obtain a ban on products including its currently marketed Juul device and Juulpods.
Juul did not immediately respond to a request for comment.
Altria had earlier this year exited from the 35% stake it had in Juul. It had bought startup NJOY Holdings for about $2.75 billion in March.
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