Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

Altria stock cratered as much as 7% Thursday after the tobacco company posted a fourth-quarter loss and took a $4.1 billion hit on its investment in e-cigarette company Juul, which faces mounting litigation and scrutiny over a surge in teen vaping. The Richmond, Virginia-based Marlboro maker said the impairment charge was due to the increased number of legal cases against Juul and the expectation that litigation will grow. Since the end of October, there has been an 80% increase in the number of legal cases pending against Juul, Altria said. Its…

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Trump lawyer Marc Kasowitz is stepping aside from the president’s legal team

Marc Kasowitz, the head of President Donald Trump’s outside legal team representing him in the Russia investigation is reportedly stepping aside, according to multiple reports published Thursday night. CBS News White House correspondent Major Garret first tweetedKasowitz was “out” as Trump’s attorney, while New York Times reporter Maggie Haberman tweeted he was “not gone,” but had a “lesser role.” The news comes amid reports of Trump reshuffling his circle of attorneys as the Trump-Russia probe looms over his presidency. Kasowitz received criticism for a series of profanity-laced email exchanges he had with what…

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Using Supplements in the Legal Way and with Precaution

When you buy a steroid or a supplement you need to abide by the laws of the state. One needs to know how to but the solution without the legal intervention. In case there is the necessity to buy steroid one has to abide by the existing laws of the state. In this case, to buy the medicine you need to have a prescription from the physician. One cannot buy a supplement without the permission of the doctor. However, supplemental laws in the USA are not so easy and due…

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India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms. Deal4Loans Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, including Ram Shriram, Neeraj Arora, Samir Sood, and Puru Vashishtha. Founded in 2009, the company has reportedly booked over Rs. 10,000 crores in loans through seven million customers. LegalRaasta Online…

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