RJ Reynolds Tob (NYSE:RJR)
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Employee Suit Against RJR Dismissed by Federal Court
WINSTON-SALEM, N.C., Dec. 11 /PRNewswire-FirstCall/ -- A federal court in
Greensboro on Dec. 10 dismissed a suit brought by an R.J. Reynolds Tobacco
Company employee who claimed that the company wrongfully eliminated two
investment options from its 401(k) plan.
The suit was filed in 2002 following the elimination of two Nabisco stock funds
from the R.J. Reynolds Capital Investment Plan. The Nabisco funds were
discontinued as investment options on Jan. 31, 2000, following the June 1999
corporate spin-off that separated RJR Nabisco's food business from its tobacco
business, making them unrelated companies.
Jack Henson, senior counsel for R.J. Reynolds Tobacco Holdings, Inc., said, "The
court determined that the company acted legally and did not breach any
responsibility to any employee in making changes to the plan and following
through with those changes once they were announced."
R.J. Reynolds Tobacco Holdings, Inc. (NYSE:RJR) is the parent company of R.J.
Reynolds Tobacco Company and Santa Fe Natural Tobacco Company, Inc. R.J.
Reynolds Tobacco Company is the second-largest tobacco company in the United
States, manufacturing about one of every four cigarettes sold in the United
States. Reynolds Tobacco's product line includes four of the nation's 10
best-selling cigarette brands: Camel, Winston, Salem and Doral. Santa Fe
Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes
and other tobacco products, and markets them both nationally and
internationally. Copies of RJR's news releases, annual reports, SEC filings and
other financial materials are available on the company's website,
http://www.rjrholdings.com/ .
DATASOURCE: R.J. Reynolds Tobacco Holdings, Inc.
CONTACT: Ellen Matthews, of R.J. Reynolds Tobacco Holdings, Inc.,
+1-336-741-6694
Web site: http://www.rjrt.com/
http://www.rjrholdings.com/