B.A.T. merger plans approved by court; insurer is set back
Article Abstract:
BAT Industries PLC's merger plans have been approved by a High Court in Great Britain. The court's approval will allow BAT's merging of its financial-services arm with Zurich Group to push through. BAT will also be spinning off its tobacco companies. The transaction was unveiled in October 1997. Blue Cross & Blue Shield of America protested the deal, claiming that it might hamper its ability to win US policyholder compensation in tobacco litigation cases.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Trial date is set for a landmark tobacco case in Britain
Article Abstract:
A judge in England has set a trial date for a landmark lawsuit against Imperial Tobacco PLC and Gallaher Group PLC, two of the largest tobacco firms in Great Britain. The trial date is set for January 2000. The suit is paving the way for the first class-action litigation by 23 lung-cancer victims against cigarette makers in Europe. The case is being closely observed.
Comment:
A judge in England sets trial date for a landmark lawsuit against Imperial Tobacco PLC and Gallaher group PLC
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Ohio Supreme Court allows suit to proceed against Met Life
Article Abstract:
The Ohio Supreme Court has allowed a class-action lawsuit against Metropolitan Life Insurance Co. (Met Life) to continue. The suit charges Met Life with improperly changing the existing life insurance policies of thousands of customers in Ohio. The Supreme Court's ruling overruled a appellate court decision which refused to grant class-action status in the suit.
Comment:
Ohio Supreme Court allowes a class-action lawsuit against Metropolitan Life Insurance Co. (Met Life) to continue
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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