July 27, 2017 1:14 AM ET

Tobacco

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

Phone:

804-274-2000

Fax:

804-484-8231

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.

Similar Private Companies By Industry

Company Name Region
AJ Fernandez Cigar Company LLC United States
AMV Holdings, LLC United States
Anderson Tobacco Company, LLC United States
Antillian Cigar Corporation United States
Applicable Enterprises Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Philip Morris USA Inc., please visit www.altria.com/our-companies/philipmorrisusa. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.