Altria's NJOY Sues Juul Labs for Patent Infringement
According to a report from Reuters, Altria Group, the manufacturer of Marlboro, announced that its subsidiary e-cigarette company NJOY has filed a lawsuit against its competitor Juul Labs with the U.S. International Trade Commission, seeking to prohibit the importation and sale of Juul products.
The ongoing dispute between e-cigarette manufacturers Juul and NJOY has intensified following Juul's patent infringement lawsuit against NJOY, filed in June this year.
Altria, a previous stakeholder of Juul with a 35% ownership, acquired Juul in 2018 for a hefty sum of $12.8 billion. However, earlier this year, Altria decided to step away from the agreement and instead announced its plans to acquire a stake in NJOY for approximately $2.75 billion.
This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.