JUUL and Altria sued over anti competition practice

The Federal Trade Commission has filed a complaint against Altria group, Inc and JUUL Labs, Inc stating that Altria’s $12.8bn investment in JUUL effectively eliminated competition in the e-cigarette market and was therefore in violation of federal antitrust laws. The court case was scheduled to begin on 2 June 2021

Source: https://www.ftc.gov/news-events/press-releases/2020/04/ftc-sues-unwind-altrias-128-billion-investment-competitor-juul