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Illinois Light Cigarette Case May Be Re-Heard

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At a glance:

The Illinois Supreme Court has been asked to rehear a case against tobacco-maker Philip Morris U.S.A.
 
The case concerns whether the company defrauded customers into thinking "light" cigarettes were safer than regular ones.
 
In a lower court, plaintiffs in the class action were awarded $10 billion; but this decision was later reversed in the Illinois Supreme Court.
 
Plantiffs have asked that the court re-hear the case, and the decision on whether to do that is expected soon.

Court may say Mon. if will rehear Philip Morris case

Reuters - 3/24/2006 12:09 PM

The court reversed a $10.1 billion verdict against Philip Morris U.S.A. in December, ordering a lower court to dismiss the case. In the case, known as Price v. Philip Morris, the cigarette company was accused of defrauding customers into thinking "light" cigarettes were safer than regular ones.
 
The case is on the court's rehearing docket and the court is set to comment on rehearings on March 27. However, there is no set time and there is only a chance that the Price case will be heard, a representative in the clerk's office of the court in Springfield, Illinois, said on Friday.
 
Goldman Sachs analyst Judy Hong said in a note to clients earlier this week that "the chance for a reheari
 
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