U.S. Begins Its $279B Case Against the Tobacco Industry
- Philip Morris CEO: Policy changes were not ploys. Roxe, Hilary // Buffalo Law Journal;4/18/2005, Vol. 77 Issue 31, p19
Reports on the testimony of CEO Michael Szymanczy of Philip Morris USA Inc. in a lawsuit filed by the U.S. Justice Department regarding the decision of the company to shift its policies on publicizing the risks of smoking in the U.S. Reason for shifting its policies; Allegation of the U.S....
- Altria Wins Stay of Punitive Damages in Class-Action Suit. Albanese, Elizabeth // Bond Buyer;4/9/2003, Vol. 344 Issue 31611, p7
Judges in two counties in Texas made favorable statements regarding a $10.1 billion judgment against Philip Morris USA Inc. as of April 8, 2003. The company complains that the case ï¿½ and a $12 billion bond the company would have to pay to appeal the judgment ï¿½ could force them into...
- Florida seeks the dismissal of Philip Morris suit. // Best's Review / Property-Casualty Insurance Edition;Sep94, Vol. 95 Issue 5, p15
Reports that the Florida attorney general's office asked for the dismissal of a lawsuit filed by Philip Morris Cos. and others challenging the constitutionality of the state's tobacco liability law. Reasons behind the motion; Alleged unconstitutionality of the tobacco liability law; Filers of...
- Florida High Court to Weigh Tobacco Appeal. Albanese, Elisabeth // Bond Buyer;7/21/2004, Vol. 349 Issue 31930, p28
Reports on Philip Morris USA Inc.'s filing of a brief with the Florida Supreme Court asking that justices affirm a 2003 appellate court decision overturning a judgment in a lawsuit accusing tobacco companies of lying to smokers about health risks associated with tobacco. Overview of the case;...
- Philip Morris Case Could Impact PHCP Industry. // Supply House Times;Oct2003, Vol. 46 Issue 8, p6
Reports on the impact of the anti-trust lawsuit filed by sixteen cigarette wholesalers against Philip Morris USA Inc. on the wholesalers and manufacturers in the U.S. Termination of the performance discounts program; Allegation of price discrimination; Violation of the Robinson-Patman Act.
- Philip Morris can't post $12 billion bond suit. // National Petroleum News;May2003, Vol. 95 Issue 5, p15
Reports that the Philip Morris USA unit of Altria Group Inc. cannot post a bond needed to appeal an Illinois tobacco lawsuit. Release of the report by The Associated Press; Nature of the lawsuit filed against the company; Views of Philip Morris regarding the 1998 settlement between sales and...
- Altira/Phillip Morris: Blowing Up in Smoke? // High Yield Report;4/14/2003, Vol. 14 Issue 15, p1
Reports that Philip Morris USA, a subsidiary of Altria Group Inc., has been on the brink of bankruptcy. Need to post a $12 billion bond for the right to appeal a $10.1 billion damage verdict handed down an Illinois judge; Reaction of the market to Altria bonds.
- Guns, tobacco bad for nation's health. // National Catholic Reporter;02/26/99, Vol. 35 Issue 17, p28
Focuses on the gun and tobacco lobbying. Details on the case filed by Patricia Henley, who has inoperable cancer, against Philip Morris; Challenge being confronted by the gun lobby.
- They came a long way, baby. Vest, Jason; Ito, Timothy M. // U.S. News & World Report;04/28/97, Vol. 122 Issue 16, p54
Considers the decision of Philip Morris and RJR Nabisco to negotiate with antismoking advocates in the United States in April 1997. How investors responded to the news of the negotiations with the cigarette makers; What the negotiations entail; What the tobacco companies have to gain from such...