July 27, 2017 1:14 AM ET


Company Overview of Philip Morris USA Inc.

Company Overview

Philip Morris USA Inc. manufactures and sells cigarettes. The company also offers spit-free tobacco pouch products for adult smokers who are interested in smokeless tobacco alternatives to cigarettes. It serves men and women across various adult age groups through retailers and wholesalers in the United States. 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 1847 and is based in Richmond, Virginia. It has additional offices and manufacturing facilities in Richmond and Chester, Virginia; and Clyde Park, Montana. Philip Morris USA Inc. operates as a subsidiary of Altria Group, Inc.

6601 West Broad Street

Richmond, VA 23230-1701

United States

Founded in 1847





Key Executives for Philip Morris USA Inc.

Chief Executive Officer and President
Age: 46
Senior Vice President of Smokeable Manufacturing
Vice President and General Manager of Marlboro
Vice President of Heated Tobacco Products
Compensation as of Fiscal Year 2017.

Philip Morris USA Inc. Key Developments

Reynolds and Philip Morris USA Face Damages in Engle Case

A Florida jury awarded $6.1 million in compensatory damages to the widow of a smoker who died in 2000 from smoking-related lung cancer that spread to his brain. Marilyn Oshinsky-Blacker, sued R. J. Reynolds Tobacco Co. and Philip Morris USA, claiming they conspired to hide the dangers of smoking that she said led to the death of her husband, Dennis. The manufacturers disputed the cause of death, saying he developed a form of lung cancer not related to smoking. The jury in the Engle progeny cases said that punitive damages may be warranted. Typically, when victims are assigned a significant amount of the fault for their illness, the jury does not award punitive damages. In this case, the jury placed 60% of the blame against Philip Morris, valued at $3.66 million, as well as 25% against Reynolds, valued at $1.52 million, and 15% on Oshinsky. The Reynolds percentage may be reduced or eliminated on appeal, given that Courtroom View Network reported there was no evidence Oshinsky smoked Reynolds products.

$45 Million Deal Settles Suit on Lights Cigarettes

A $45 million settlement submitted to Pulaski County Circuit Judge Tim Fox will go to pay smokers who bought Marlboro Lights cigarettes in Arkansas over a 31-year period, while also ending 13 years of litigation against Philip Morris USA. The deal comes three days before a six-week trial would have started in a class-action lawsuit over whether the company violated the Arkansas Deceptive Trade Practices Act in its marketing of the Lights brands: Lights and Ultralights. They are now sold as the Silver and Gold. Those eligible to apply to be part of the class are smokers who bought the brands in Arkansas between Nov. 1, 1971, when the Lights brand was introduced, and May 29, 2003, the effective date of the lawsuit. Plaintiffs in the suit had accused the company of running a misleading advertising campaign that deliberately duped consumers.

St. Louis Jury Returns Verdict for Philip Morris USA

A St. Louis jury has returned a verdict for Philip Morris USA or PM USA in a Missouri class-action Lights cigarette trial. The jury rejected plaintiffs' request for as much as $1.8 billion in compensatory damages plus punitive damages. The case was filed in 2000. Plaintiffs alleged that PM USA violated the state's Merchandising Practices Act in marketing Marlboro Lights. Class members include Missouri residents who purchased Marlboro Lights from 1995-2003.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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