Investigation announced for Investors in shares of Altria Group, Inc. (NYSE: MO)

An investigation was announced concerning potential securities laws violations by Altria Group, Inc. in connection with certain financial statements.

Investors who purchased shares of Altria Group, Inc. (NYSE: MO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Altria Group, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Richmond, VA based Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States.

On September 24, 2019, it was reported that Philip Morris International had called off talks of a $200bn merger with Altria Group, Inc likely due to increasing public and governmental scrutiny of vaping and Altria’s partial ownership of industry-leading Juul Labs. Government investigations of Altria Group, Inc., focus on whether Altria Group / JUUL misled the public with respect to the safety of its e-cigarettes and whether they actively marketed these devices to minors.

Altria Group, Inc. reported that its annual Total Revenue declined from $25.57 billion in 2017 to $25.36 billion in 2018 and that its Net Income decreased from $10.22 billion in 2017 to $6.93 billion in 2018.

Shares of Altria Group, Inc. (NYSE: MO) declined from $77.29 per share in June 2017 to as low as $39.30 per share on September 19, 2019.

Those who purchased shares of Altria Group, Inc. (NYSE: MO) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

Contact:
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.