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BUSINESS
March 30, 2000 | Bloomberg News
UST Inc., the No. 1 chewing tobacco seller, was ordered by a federal judge to pay $1.05 billion to competitor Conwood Co. for violating antitrust laws in promoting its Skoal and Copenhagen moist snuff brands. A federal court jury in Paducah, Ky., awarded Conwood $350 million, and U.S. District Judge Thomas Russell trebled the damages under antitrust law. UST said it will try to persuade Russell to throw out the verdict and will appeal if that bid fails.
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BUSINESS
April 26, 2006 | From the Associated Press
Reynolds American Inc. vaulted into the smokeless-tobacco market by agreeing to pay $3.5 billion for the maker of Kodiak snuff and Levi Garrett chewing tobacco. The company behind Camel and Kool cigarettes is buying Memphis, Tenn.-based Conwood, owned by the holding company for Chicago's Pritzker family.
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BUSINESS
April 26, 2006 | From the Associated Press
Reynolds American Inc. vaulted into the smokeless-tobacco market by agreeing to pay $3.5 billion for the maker of Kodiak snuff and Levi Garrett chewing tobacco. The company behind Camel and Kool cigarettes is buying Memphis, Tenn.-based Conwood, owned by the holding company for Chicago's Pritzker family.
BUSINESS
March 30, 2000 | Bloomberg News
UST Inc., the No. 1 chewing tobacco seller, was ordered by a federal judge to pay $1.05 billion to competitor Conwood Co. for violating antitrust laws in promoting its Skoal and Copenhagen moist snuff brands. A federal court jury in Paducah, Ky., awarded Conwood $350 million, and U.S. District Judge Thomas Russell trebled the damages under antitrust law. UST said it will try to persuade Russell to throw out the verdict and will appeal if that bid fails.
BUSINESS
May 16, 2002 | Bloomberg News
UST Inc. must pay $1.05 billion to Conwood Co. for monopolizing part of the smokeless tobacco market, a U.S. appeals court ruled. Conwood, maker of Kodiak brand snuff tobacco, sued UST in 1998. Greenwich, Conn.-based UST makes the Copenhagen and Skoal brands of snuff, a ground-up moist tobacco that users place between the lip and gum.
BUSINESS
December 18, 2007 | From the Associated Press
The future of the U.S. tobacco industry came into sharper focus Monday when Loews Corp. said it would spin off its Lorillard cigarette subsidiary, positioning the maker of Newport, Kent and True brands to compete with rivals that are aggressively looking to replace cigarettes as a source of revenue.
BUSINESS
July 25, 1995 | From Reuters
A lawsuit was filed against makers of chewing tobacco and snuff Monday, accusing them of trying to hook young people in what experts said was the first action of its kind against the smokeless tobacco industry. The lawsuit, filed in federal court in Wichita, Kan., against United States Tobacco Co. and other defendants, claims that manufacturers of smokeless tobacco promoted products to teen-agers and hid the addictive nature of nicotine.
NEWS
February 16, 1992 | RAY FORMANEK Jr., ASSOCIATED PRESS
When 17-year-old Todd Dittman must lose weight before a wrestling match, he puts wads of snuff between his cheek and gum. "It's a good substitute when you can't eat because you're trying to make your weight," says Dittman of Blacksville, a senior at Clay-Battelle High School. "I don't think it hurts me at all. But I haven't been using it that long. I'll quit before I get cancer." A classmate, senior Shawn Tennant, 17, says he "rubs" smokeless tobacco to relax.
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