Employee Suit Against RJR Dismissed by Federal Court
December 11 2003 - 2:45PM
PR Newswire (US)
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/
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