Altria resolves JUUL-related derivative litigation with corporate governance reforms, no monetary payment

ALTRIA GROUP, INC.

Court preliminarily approved settlement of shareholder derivative actions over Altria's $12.8B JUUL investment on Oct. 26, 2022.
Altria commits to policy reforms: anti-retaliation, compliance risk, and executive compensation clawback enhancements.
Altria to fund $15M for independent monitor and implement new board oversight measures for a 5-year commitment period.
Defendants pay no monetary consideration; all claims against current/former directors and officers released.
Settlement requires notice to shareholders and final approval hearing; no admission of wrongdoing.

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