Philip Morris International Inc. Securities Litigation
On or around 03/15/2019 (Ongoing date of last review)
Filing Date: December 21, 2017
According to the law firm press release, the lawsuit alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were irregularities in the clinical experiments that underpin Philip Morris’ application to the FDA for approval of its iQOS smoking device; and (2) as a result, defendants’ statements about Philip Morris’ business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On February 13, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. This case was voluntarily dismissed on March 4, 2019.
Company & Securities Information
Defendant: Philip Morris International Inc.
Sector: Consumer Non-Cyclical
Headquarters: United States
Ticker Symbol: PM
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
William Rubenstahl, et al. v. Philip Morris International Inc., et al.
COURT: D. New Jersey
DOCKET #: 17-CV-13504
JUDGE: Hon. Esther Salas
DATE FILED: 12/21/2017
CLASS PERIOD START: 07/26/2016
CLASS PERIOD END: 12/20/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
The Rosen Law Firm (South Orange)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violation of the Federal Securities Laws
Notice of Voluntary Dismissal
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available