Gabby Klein v. Altria Group

Please be advised that the Court-appointed Lead Plaintiffs Donald and Sarah Sherbondy (the “Sherbondys”) and Construction Laborers Pension Trust of Greater St. Louis (“CLPT”) (“Plaintiffs”), on behalf of themselves and the Settlement Class (as defined below), have reached a proposed settlement of the above-captioned action (the “Action”) with Defendants Altria Group, Inc. (“Altria”), JUUL Labs, Inc. (“JLI”), Howard A. Willard III (“Willard”), William F. Gifford, Jr. (“Gifford”), Adam Bowen (“Bowen”), James Monsees (“Monsees”), Kevin Burns (“Burns”), and K.C. Crosthwaite (“Crosthwaite”) (collectively, the “Defendants,” and with Plaintiffs, the “Parties”) for $90 million in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

All persons and entities who purchased or otherwise acquired Altria securities between October 25, 2018, and April 1, 2020, both dates inclusive, and were allegedly damaged thereby. (see FAQ 4).

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed settlement, you must submit a Claim Form no later than April 5, 2022. Payments to Authorized Claimants will be made only if the Court approves the Settlement and a Plan of Allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.

Please read the Notice to also fully understand your rights and options.

Important Dates and Deadlines

Submit a Claim Form	The only way to be eligible to receive a payment from the Net Settlement Fund. Claim Forms must be postmarked or received no later than April 5, 2022.
Exclude Yourself	Get no payment. This is the only option that, assuming your claim is timely brought, might allow you to ever bring or be part of any other lawsuit against Defendants and/or the other Defendants’ Releasees concerning the Released Claims. Requests for Exclusions must be received no later than March 10, 2022.
Object to the Settlement	Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or Lead Counsel’s Fee and Expense Application. If you object, you will still be a member of the Settlement Class. Objections must be received no later than March 10, 2022.
Go to a Hearing	Ask to speak in Court at the Settlement Hearing about the Settlement on March 31, 2022.
Do Nothing	Get no payment. Give up your rights.