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Philip Morris Light Cigarette Suit Won't Be Reheard

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At a glance:

Things are looking up for Philip Morris in Madison County, Illinois. It will get back over $2 billion of its appeal bond posted there after it lost a $10 billion judgement in a class action lawsuit. The suit claimed Philip Morris fraudulently claimed its "light" cigarettes were less harmful than regular cigarettes. The verdict was later overturned on the basis that the plaintiffs failed to show that they suffered actual damages. 
 
When and if the appeals procedure to the US Supreme Court is exhausted, Philip Morris will receive back $6 billion remaining on the bond.

Philip Morris to get $2.15 billion back from Madison County

Madison County Record - 6/19/2006 8:19 PM

Philip Morris will get back $2.15 billion of its appeal bond from the infamous Madison County Price v. Philip Morris USA case that was overturned late last year by the Illinois Supreme Court. And, if the U.S. Supreme Court declines to hear an appeal, another $6 billion will be returned to the tobacco giant.
 
According to an order issued Monday by the Illinois Supreme Court, Philip Morris' obligations to deposit payments on the bond and payments for administrative fees to the Madison County Circuit Clerk's office also have officially ended
 
· Read The Full “Light” Cigarette / “Low Tar” Article From Madison County Record -->

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Comments On “Light” Cigarette / “Low Tar” News Articles:

great site
Comment On: Philip Morris Light Cigarette Suit Won't Be Reheard
Posted by Julia on 9/1/2006 | Filed Under: “Light” Cigarette / “Low Tar”

Madchen, die pfeifen und Hennen (Hahnen), die krahn, soll man beizeiten den Hals herumdrehn.


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