Advertisement
YOU ARE HERE: LAT HomeCollectionsUst Inc
IN THE NEWS

Ust Inc

FEATURED ARTICLES
BUSINESS
October 22, 1996
UST Inc. has sold its 76% stake in long-struggling Camera Platforms International Inc. to W/F Investment Corp., a Los Angeles concern. W/F has also arranged for a $850,000 line of credit for Camera Platforms. William Fleischman, chairman of W/F, has been named to Camera Platform's board of directors. Camera Platforms, based in Valencia, provides camera and lighting equipment to the entertainment industry. The company also plans to change its name to Shotmaker Inc.
ARTICLES BY DATE
BUSINESS
July 28, 2005 | From Bloomberg News
State Atty. Gen. Bill Lockyer on Wednesday accused UST Inc., the maker of Skoal chewing tobacco, of violating a 1998 settlement by advertising the brand at drag races where drivers were as young as 9 years old. Skoal's sponsorship of two National Hot Rod Assn. meets violated the national settlement of tobacco litigation, which bars use of cigarette and smokeless brands in sponsorships of events involving youths under 18 years of age, Lockyer said in a lawsuit filed Wednesday in San Diego.
Advertisement
BUSINESS
October 17, 2002 | Myron Levin
California Atty. Gen. Bill Lockyer announced a $171,000 settlement of a lawsuit accusing U.S. Smokeless Tobacco Co. of illegally distributing free product samples on public grounds where minors were present. The suit said the company, a subsidiary of UST Inc., twice violated state law in 1999 when it gave out samples at the Placer and Alameda county fairgrounds. Under state law, tobacco samples may be distributed only at sites where access by minors is prohibited.
BUSINESS
October 17, 2002 | Myron Levin
California Atty. Gen. Bill Lockyer announced a $171,000 settlement of a lawsuit accusing U.S. Smokeless Tobacco Co. of illegally distributing free product samples on public grounds where minors were present. The suit said the company, a subsidiary of UST Inc., twice violated state law in 1999 when it gave out samples at the Placer and Alameda county fairgrounds. Under state law, tobacco samples may be distributed only at sites where access by minors is prohibited.
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
July 28, 2005 | From Bloomberg News
State Atty. Gen. Bill Lockyer on Wednesday accused UST Inc., the maker of Skoal chewing tobacco, of violating a 1998 settlement by advertising the brand at drag races where drivers were as young as 9 years old. Skoal's sponsorship of two National Hot Rod Assn. meets violated the national settlement of tobacco litigation, which bars use of cigarette and smokeless brands in sponsorships of events involving youths under 18 years of age, Lockyer said in a lawsuit filed Wednesday in San Diego.
BUSINESS
December 4, 2001 | Bloomberg News
UST Inc., the maker of Copenhagen and Skoal snuff, said it has agreed to settle a lawsuit against California over a state tax increase. Under the settlement, California, which in June increased the excise tax on smokeless tobacco to 150%, agreed to return the tax to 52.65%, UST said. The largest producer of smokeless tobacco sued in August, claiming the tax increase was unfair.
BUSINESS
November 26, 1998 | From Times Wire Services
Tobacco giant Philip Morris Cos. on Wednesday dusted off a massive stock buyback program that sat on the shelf for 19 months as it struggled to settle the smoking-related health claims U.S. states had lodged against tobacco companies. The nation's top cigarette maker, producer of best-selling Marlboro as well as such food and beverage labels as Kraft foods and Miller beer, said it plans to resume share repurchases under a three-year, $8-billion plan originally authorized in February 1997.
BUSINESS
October 12, 2002 | MYRON LEVIN, TIMES STAFF WRITER
Smokeless-tobacco giant UST Inc. has settled a lawsuit by a former customer who contracted tongue cancer, in what appears to be the first case of a tobacco firm agreeing to pay an individual for injuries allegedly caused by its products. UST, of Greenwich, Conn., confirmed Friday that it had reached an unspecified "resolution" with Florida resident Michael L. McMullin, 29, whose lawsuit was set for trial in Jacksonville on Oct. 21.
BUSINESS
October 12, 2002 | MYRON LEVIN, TIMES STAFF WRITER
Smokeless-tobacco giant UST Inc. has settled a lawsuit by a former customer who contracted tongue cancer, in what appears to be the first case of a tobacco firm agreeing to pay an individual for injuries allegedly caused by its products. UST, of Greenwich, Conn., confirmed Friday that it had reached an unspecified "resolution" with Florida resident Michael L. McMullin, 29, whose lawsuit was set for trial in Jacksonville on Oct. 21.
BUSINESS
December 4, 2001 | Bloomberg News
UST Inc., the maker of Copenhagen and Skoal snuff, said it has agreed to settle a lawsuit against California over a state tax increase. Under the settlement, California, which in June increased the excise tax on smokeless tobacco to 150%, agreed to return the tax to 52.65%, UST said. The largest producer of smokeless tobacco sued in August, claiming the tax increase was unfair.
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
November 26, 1998 | From Times Wire Services
Tobacco giant Philip Morris Cos. on Wednesday dusted off a massive stock buyback program that sat on the shelf for 19 months as it struggled to settle the smoking-related health claims U.S. states had lodged against tobacco companies. The nation's top cigarette maker, producer of best-selling Marlboro as well as such food and beverage labels as Kraft foods and Miller beer, said it plans to resume share repurchases under a three-year, $8-billion plan originally authorized in February 1997.
BUSINESS
October 22, 1996
UST Inc. has sold its 76% stake in long-struggling Camera Platforms International Inc. to W/F Investment Corp., a Los Angeles concern. W/F has also arranged for a $850,000 line of credit for Camera Platforms. William Fleischman, chairman of W/F, has been named to Camera Platform's board of directors. Camera Platforms, based in Valencia, provides camera and lighting equipment to the entertainment industry. The company also plans to change its name to Shotmaker Inc.
BUSINESS
November 29, 1994 | JILL LEOVY, SPECIAL TO THE TIMES
After a decade of big losses, studio equipment maker Camera Platforms International has announced it needs a buyer or merger partner. The company, started by "Smokey and the Bandit" director Hal Needham, managed to stagger through losses in recent years thanks largely to the financial support of UST Inc., a highly profitable tobacco company ("Skoal") based in Greenwich, Conn.
BUSINESS
November 5, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
The Winston Finals drag race in Pomona ended last weekend to close the sport's season for 1991. But financially, some of drag racing's biggest names still have a race to run. In the Pomona garage area was Jim White, who this year set the speed record for the sport's "funny car" division: 290.13 m.p.h. in a quarter-mile. White's main sponsor, Procter & Gamble Co.'s Hawaiian Punch unit, is getting out of racing after this year. He's still looking for a replacement sponsor for 1992.
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.
BUSINESS
November 29, 1994 | JILL LEOVY, SPECIAL TO THE TIMES
After a decade of big losses, studio equipment maker Camera Platforms International has announced it needs a buyer or merger partner. The company, started by "Smokey and the Bandit" director Hal Needham, managed to stagger through losses in recent years thanks largely to the financial support of UST Inc., a highly profitable tobacco company ("Skoal") based in Greenwich, Conn.
Los Angeles Times Articles
|