October 31, 2019 / 3:15 PM / 17 days ago

FTC probes Altria for role in Juul executive changes

WASHINGTON, Oct 31 (Reuters) - U.S. antitrust enforcers are probing Altria Group Inc for potentially exerting influence over vaping maker Juul Labs Inc before winning approval for a big share buy, Altria said in a government filing on Thursday.

“The FTC (Federal Trade Commission) issued a Civil Investigative Demand to Altria while it was conducting its antitrust review of Altria’s investment in JUUL seeking information regarding, among other things, Altria’s role in the resignation of JUUL’s former chief executive officer and the hiring by JUUL of any current or former Altria director, executive or employee,” Altria said in the filing. (Reporting by Diane Bartz)

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