Oregon Court Upholds $79.5 Million Award to Smoker's Estate
- Latest Court Losses Send Signal to Tobacco Companies:
Juries More Convinced of Deceptive Cigarette Marketing Practices. // Ascribe Newswire: Health;6/7/2001, p2
The verdict in the Los Angeles tobacco trial, "Richard Boeken vs. Philip Morris Cos. Inc.," and the verdict in a New York case send a clear signal to the tobacco companies, says Marvin E. Goldberg, professor of marketing in Pennsylvania State's Smeal College of Business. According to him juries...
- Supreme Court Nixes Justice's $279 Billion Big Tobacco Claim. Vadum, Matthew // Bond Buyer;10/18/2005, Vol. 354 Issue 32240, p1
Reports on the ruling of the U.S. Supreme Court over the "U.S. v. Philip Morris" case. Bid of the government to force tobacco companies to disgorge the multi-billion profit being earned by the industry; Indication that the ruling appeared to protect outstanding municipal bonds backed by national...
- Supreme Court May Send Philip Morris Case Back to Oregon Court. Ackerman, Andrew // Bond Buyer;11/1/2006, Vol. 358 Issue 32499, p4
The article provides updates on the Philip Morris USA v. Williams case that led to $79.5 million in punitive damages against Philip Morris USA Inc. According to reports, several U.S. Supreme Court justices suggested that they might send back the case to a lower court. It was believed that the...
- NEWS IN BRIEF. Finestone, Deborah; Newman, Emily; Siegels, Gary E. // Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p2
Presents several news briefs related to public finance in the U.S. as of April 4, 2003. In light of a recent court decision involving cigarette maker Philip Morris USA Inc., California officially postponed its $2.3 billion tobacco settlement securitization deal tentatively slated for April 15....
- Philip Morris still a stock for the times. // Dow Theory Forecasts;5/6/2002, Vol. 58 Issue 18, p8
Features United States-based cigarette manufacturer Philip Morris Cos. Inc. Market share; Litigation concerns; Risks of investing in the company's stocks.
- Marlboro Friday, sullen Sunday for smokes. Teinowitz, Ira // Advertising Age;9/28/1994, Vol. 65 Issue 41, p28
Reports that Marlboro cigarettes from Philip Morris USA is at the top of the cigarette charts with a share of 27.4% at midyear 1994. Price cut on premium smokes on April 2, 1993 to stop the drop in share to below 20%; Major decline in profitability for the whole industry; Indications that the...
- Daunting damages. // Crain's New York Business;02/15/99, Vol. 15 Issue 7, p38
Reports that a jury in San Francisco, California has ordered Philip Morris Cos. to pay punitive damages to long-time smoker with cancer.
- Jackpot Justice Harms Jobs. Riegel, Quentin // Business Journal (Central New York);3/2/2007, Vol. 21 Issue 9, p33
The author reflects on the ruling of the Oregon Supreme Court which regulates assessment of punitive damages in certain cases, like the Philip Morris versus Williams case. He discusses that the case, in which Philip Morris was charged $79.5 million in punitive damages, is very significant in...
- Court must draw a clear line on punitive damages award. // Business Insurance;6/5/2006, Vol. 40 Issue 23, p8
The article comments on the decision of the U.S. Supreme Court to review the Oregon punitive damages case Philip Morris versus Mayola Williams. It details the rulings of the Court on past punitive damages cases. It provides an overview of the case in question.