Category: Business

  • Countermove: Altria Sues Reynolds Over Patent Infringement

    Countermove: Altria Sues Reynolds Over Patent Infringement

    Altria Group Inc.’s e-cigarette and smokeless tobacco divisions filed suit Thursday against competitor R.J. Reynolds Vapor Co. for patent infringement on e-cigarettes and associated products.

    Altria owns a 35 percent stake in e-cigarette industry leader Juul Labs Inc., a direct competitor of Reynolds’ Vuse brand of e-cigarettes.

    According to a lawsuit filed in the U.S. District Court for the Middle District of North Carolina, Reynolds Vapor, owned by Reynolds American Inc., violated nine patents held by Altria Client Services in producing its Vuse Vapor e-cigarette line, according to a story on Virginiabusiness.com. The suit contends that Reynolds’ Vuse brand of e-cigarettes — including the Vibe and Alto — uses heating technology, mouthpieces, batteries and liquid-filled pods covered by Altria’s patents for its Juul e-vapor products.

    Based in Winston-Salem, North Carolina, Reynolds American Inc. is owned by British American Tobacco plc, which is headquartered in London. “Reynolds Vapor has infringed on Altria’s intellectual property and we are seeking financial damages for each of these violations,” Altria Client Services spokesman George Parman said Thursday, according to the story.

    The suit comes weeks after Reynolds filed its own patent-infringement suit against Altria and Philip Morris International Inc. in Richmond’s federal court over its heat-not-burn cigarette line, Marlboro HeatSticks, a competitor of Reynolds’ Eclipse line.

    Altria seeks unspecified monetary compensation but asks for “treble damages” — in other words, triple the amount — for “defendant’s willful infringement” of the patents, as well as awards of compensation, supplemental damages after discovery cutoff and attorneys’ fees and expenses. The plaintiffs ask for a trial by jury. No hearing has been set.

     

  • Pyxus Reportedly in Talks About Bankruptcy

    Pyxus Reportedly in Talks About Bankruptcy

    Photo: Pyxus International

    Pyxus International has reportedly begun talks with creditors regarding a possible bankruptcy filing, according to an article in the Wall Street Journal.

    The filing is potentially related to declining cigarette consumption and the Covid-19 pandemic following the company’s struggle to make headway in the cannabis and vapor sectors.

  • Report: Pandemic Impact Will Last for a Long Time

    Report: Pandemic Impact Will Last for a Long Time

    Image by Gerd Altmann from Pixabay

    The disruption caused by the coronavirus will be felt for a long time even in the traditionally recession-resilient tobacco industry, according to a new report made available by Research and Markets.

    “This report examines the outlook for the coronavirus (Covid-19) global pandemic on the tobacco industry,” according to Businesswire. “The social, economic and health effects of the Covid-19 crisis will be felt in every global market for several years to come. While it is the case that the tobacco industry is less dramatically impacted in the near term in most (though not all) world markets, the temptation to treat the pandemic as a short period of disruption before a return to normalcy should be avoided.”

    The report covers the economic outlook, industry impact, geographic impact and the corporate response to the pandemic.