Oregon Court Upholds $79.5 Million Award to Smoker's Estate

Albanese, Elizabeth
June 2004
Bond Buyer;6/11/2004, Vol. 348 Issue 31903, p3
Trade Publication
Reports that the Oregon Court of Appeals upheld a judgment against cigarette maker Philip Morris USA Inc., ignoring a precedent set by the United States Supreme Court about punitive damages. Refusal of the appellate court to lower the judgment in the case known as the Williams-Branch lawsuit; Impact of court's language in upholding the verdict on tobacco companies in future lawsuits filed by individual smokers; Plaintiff's argument that Philip Morris had not revealed information about health risks associated with smoking cigarettes and found the company guilty of common law fraud.


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