Philip Morris Argues Bid to Intervene in Reynolds, Imperial Case

A judge on Monday questioned why Philip Morris USA Inc.’s push to intervene in long-running litigation between two other Big Tobacco companies should proceed in Delaware instead of Florida.

At the core of the case are payments owed to the state of Florida under a 1990s-era tobacco settlement for brands that ITG Brands, the US unit of Imperial Brands Plc, acquired from Reynolds American Inc. in 2014.

The Delaware Court of Chancery has held that ITG’s asset purchase agreement required the company to pay Reynolds’ share of the Florida settlement, and ITG owes Reynolds damages. The amount of those damages ...