Tobacco Market Unchanged After Judge Decertifies 'Light' Case in California

Albanese, Elizabeth
March 2005
Bond Buyer;3/11/2005, Vol. 351 Issue 32088, p33
Trade Publication
Reports that tobacco market was virtually unchanged after a California judge decertified a class-action lawsuit that alleged tobacco companies lied about risks associated with smoking light cigarettes. Statement of Donald R. Lipkin, managing director at Bear, Stearns & Co. Inc. regarding the tobacco bonds; Proposals of some investment banks that states refund tobacco bonds using general fund revenues; Lawsuit filed against tobacco companies.


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