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Recommended List Change After Cigarette Lawsuit News (MO, PM, RAI)

By Dividend.com Staff
December 15th, 2008

recommended-list-change-after-cigarette-lawsuit-news-mo-pm-rai

Altria Group (MO) and Reynolds American (RAI) shares are down after the U.S. Supreme Court voted 5-4, saying a federal labeling law doesn't shield cigarette makers from suits accusing them of deceiving consumers by describing cigarettes as "light" or "low tar".

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.