Even $145 Billion Isn't Enough to Kill Tobacco. Cigarette Makers Can Just Raise Prices

Article Abstract:

After a Florida jury awarded smokers $145 billion, the tobacco industry is considering its options, including appealing to a higher court, and raising prices on tobacco products.

Forecasts, trends, outlooks, Florida, Tobacco farms, Tobacco, Tobacco Farming, Product defects and recalls, Finance, Product management

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EU Files Suit in U.S. Against Tobacco Firms

Article Abstract:

R.J. Reynolds Tobacco Holdings Inc. and Philip Morris Cos. have been charged in a civil lawsuit filed by the European Union. The lawsuit, which alleges that the tobacco companies have been complicit in cigarette smuggling, was filed in U.S. District Court for the Eastern District of New York.

General services, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Financial services industry, Financial services, European Union, Smuggling, Philip Morris Companies Inc., R.J. Reynolds Tobacco Holdings Inc.

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Philip Morris faces 2 trials this week

Article Abstract:

Philip Morris Cos. is faced with two trials during the week of February 22-28, 1999. The company is just coming off a $51.5 million verdict against it. The selection of jury will begin on February 22, 1999 in Portland, Oregon. A suit filed by the family of retired school janitor Jesse Williams who died of lung cancer in 1997. The plaintiffs charge Philip Morris with negligence and misrepresentation. In Akron, Ohio, the company is being sued in a class-action case for over 100 union health funds that are trying to recover money they paid in benefits linked to smoking.

Comment:

Faced with two trials during the week of February 22-28, 1999.

Abstract, Altria Group Inc.

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