PHILIP MORRIS INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Philip
Morris International Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Philip Morris International Inc. (“Philip
Morris” or the “Company”) (NYSE:PM) of the February 20, 2018 deadline to seek the role of lead plaintiff in a federal securities
class action that has been filed against the Company.
If you invested in Philip Morris stock or options between July 26, 2016 and December 20, 2017 and would like to discuss
your legal rights, click here : www.faruqilaw.com/PM. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com .
The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Philip
Morris securities between July 26, 2016 and December 20, 2017 (the “Class Period”). The case, Rubenstahl v. Philip Morris
International Inc. et al, No. 2:17-cv-13504 was filed on December 21, 2017, and has been assigned to Judge Esther Salas.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and/or
misleading statements and/or failing to disclose that: (1) there were irregularities in the clinical experiments that underpin
Philip Morris’ application to the Food and Drug Administration (“FDA”) for approval of its iQOS smoking device; and (2) as a
result, the Company’s statements about its business, operations and prospects were materially false and misleading and/or lacked a
reasonable basis.
Specifically, on December 20, 2017, Reuters published a report stating, in part, that “[f]ormer employees and contractors
[of Phillip Morris] have detailed irregularities in the clinical experiments that underpin Philip Morris International’s
application to the FDA for approval of its iQOS smoking device[.]” On this news, Philip Morris’ share price fell from $108.12 per
share on December 19, 2017 to a closing price of $104.37 on December 20, 2017—a $3.75 or a 3.47% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Philip Morris’ conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future
matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential
manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
View source version on businesswire.com: http://www.businesswire.com/news/home/20180201006715/en/