Tobacco Falls After Illinois Court Ruling

Albanese, Elizabeth
July 2003
Bond Buyer;7/16/2003, Vol. 345 Issue 31678, p1
Trade Publication
Reports on the fall of tobacco bonds of New York-based Philip Morris USA Inc. by two points on July 15, 2003. Reasons attributed by the traders for the fall; Order of the Illinois's Fifth District Court of Appeals to send back the bond question to Madison County Circuit Court (MCCC); Decision of Nicholas Byron, Judge of MCCC to reduce the amount of tobacco bond.


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