Altria agrees to resolve 6,000+ JUUL cases for $235M, records Q2 charge

ALTRIA GROUP, INC.

Settles at least 6,000 JUUL-related state and federal cases for $235M aggregate, including attorneys' fees.
Covers ~50 economic class actions, ~4,500 personal injury, ~1,500 government entity (incl. 1,400 school district), and 750 state court consolidated cases.
Excludes certain AG, tribal, antitrust, and Canadian cases; settlement subject to final agreements and court approval.
Expects to record $235M pre-tax charge in Q2 2023, treated as special item and excluded from adjusted diluted EPS.
Company states claims are meritless but settlement avoids uncertainty and expense of protracted litigation.

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