Tobacco Bonds Face More Woes Amid Recent Unfavorable Rulings

Albanese, Elizabeth
May 2004
Bond Buyer;5/25/2004, Vol. 348 Issue 31891, p1
Trade Publication
Reports that federal judge Gladys Kessler denied a motion by tobacco industries to limit damages sought by the United States Department of Justice in its lawsuit for disgorgement of some of the companies' profits. Decrease in stock price for Altria Inc., the parent company of Philip Morris USA; Defendants in the lawsuit; Negative impact on the tobacco bonds ratings and stocks.


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