Company Overview of Philip Morris USA Inc.
Philip Morris USA Inc. manufactures and markets cigarettes and smokeless tobacco products. The company markets its products under Marlboro, Parliament, Virginia Slims, Basic, L&M, and Marlboro Snus brands. Philip Morris USA Inc. was formerly known as Philip Morris Domestic and changed its name to Philip Morris USA Inc. in January, 1968. The company was founded in 1967 and is based in Richmond, Virginia. Philip Morris USA Inc. operates as a subsidiary of Altria Group Inc.
6601 West Broad Street
Richmond, VA 23230-1701
Founded in 1967
Key Executives for Philip Morris USA Inc.
Chief Executive Officer and President
Senior Vice President of Smokeable Manufacturing
Vice President and General Manager of Marlboro
Compensation as of Fiscal Year 2014.
Philip Morris USA Inc. Key Developments
Philip Morris USA to Build $50 Million Warehouse in Virginia
May 28 14
Philip Morris USA announced plans to build a $50 million facility to store tobacco leaves near its headquarters outside of Richmond.
Philip Morris USA Remains Committed to Defending Engle Cases Following U.S. Supreme Court Decision
Oct 7 13
The United States Supreme Court in the Douglas case denied a request from Philip Morris USA (PM USA) and other tobacco companies to review the constitutionality of the trial structure being used in the Engle progeny cases in Florida. The Engle progeny cases stem from a 2006 Florida Supreme Court decision that decertified a class action but allowed former class members to file individual lawsuits and rely on general findings from the first class action. The case is Douglas v. Philip Morris USA et al.
California Superior Court Judge Rules for Philip Morris USA in "Lights" Class Action
Sep 24 13
A California Superior Court judge issued his final decision in favor of Philip Morris USA's (PM USA) in a 16-year-old class-action "Lights" cigarette case (Brown). The court rejected plaintiffs' efforts to impose as much as a billion dollars in liability against PM USA and ruled that plaintiffs are not entitled to any relief. The plaintiffs claimed in this lawsuit, originally filed in June 1997, that PM USA violated California's Unfair Competition Law and False Advertising Law by using the terms "Lights" and "Lowered Tar and Nicotine" on cigarette packages. Plaintiffs sought to recover a portion of the money paid by California smokers who purchased Marlboro Lights between 1998 and 2001. In rejecting plaintiffs' request for injunctive relief, the court stated: Plaintiffs failed to present any specific evidence entitling them to injunctive relief. To the contrary, the evidence established that the descriptors on which the Plaintiffs base their case have been removed and, because of changes in the law, these descriptors can never be used again. Since there is little likelihood that the conduct giving rise to this case will reoccur, the claim for injunctive relief is moot. The U.S. Food and Drug Administration (FDA) prohibits the use of "Lights" and other descriptors unless a manufacturer receives authorization to use the terms. The FDA began regulating tobacco products in 2009 with the passage of the Family Smoking Prevention and Tobacco Control Act.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries