Philip Morris International Inc
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Consumer Staples : Tobacco | Large Cap Value
Company profile

Philip Morris International Inc. is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company's portfolio of international and local brands is led by Marlboro. Its mid-price brands are L&M, Lark, Merit, Muratti and Philip Morris. Its other international brands include Bond Street, Chesterfield, Next and Red & White. The Company also owns various local cigarette brands, such as Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

Closing Price
$74.45
Day's Change
-0.41 (-0.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
75.37
Day's Low
74.31
Volume
(Below Average)
Volume:
3,823,431

10-day average volume:
4,637,869
3,823,431

LEVI & KORSINSKY, LLP INVESTIGATES: Possible Claims Against JPMorgan Chase & Co., Bank of America Corporation, and Citigroup Inc.

5:46 pm ET September 21, 2020 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / September 21, 2020 / Levi & Korsinsky notifies investors that it has commenced investigations of several companies concerning possible violations of federal securities laws.

On September 20, BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ) published the FinCEN Files, a comprehensive investigation of global financial institutions involving "more than 400 reporters in 88 countries". The FinCEN Files investigation purportedly "reveal[s] how some of the world's biggest banks have facilitated the work of notorious terrorists, drug cartels, and despots" and centers around more than 2,100 suspicious activity reports ("SARs") submitted to the US Treasury Department's Financial Crimes Enforcement Network ("FinCEN"). Banks and other financial institutions submit SARs when they observe transactions that suggest money laundering or other illegal activity, and while these reports can support investigations and intelligence gathering, they are not by themselves evidence of a crime. The FinCen Files included SARs filed by nearly 90 financial institutions.

JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) are among several financial institutions that Buzzfeed News claimed "collectively processed millions of dollars in transactions for the family of Viktor Khrapunov, the former mayor of Kazakhstan's most populous city, even after Interpol issued a Red Notice for his arrest. Khrapunov, who had already fled to Switzerland and who claims the allegations are politically motivated, was later convicted in absentia on charges that included bribe-taking and defrauding the city through the sale of public property."

JPMorgan Chase & Co. (NYSE:JPM) Based on the above news, shares of JPMorgan fell by more than 4.5% in intraday trading on September 21, 2020.To receive more information about this investigation, click here:https://www.zlk.com/pslra-1/jpmorgan-chase-co-information-request-form

Bank of America Corporation (NYSE:BAC)Based on the above news, shares of Bank of America fell by more than 4% in intraday trading on September 21, 2020.

To receive more information about this investigation, click here:https://www.zlk.com/pslra-1/bank-of-america-corporation-information-request-form

Citigroup Inc. (NYSE:C) Citigroup's share price fell over 3% in intraday trading on September 21, 2020.

To receive more information about this investigation, click here:https://www.zlk.com/pslra-1/citigroup-inc-information-request-form

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/607116/LEVI-KORSINSKY-LLP-INVESTIGATES-Possible-Claims-Against-JPMorgan-Chase-Co-Bank-of-America-Corporation-and-Citigroup-Inc

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