Supreme Court to hear Philip Morris appeal
WASHINGTON (CNN) - Tobacco giant Philip Morris will get a chance this fall to convince the Supreme Court that an $80 million judgment against the company was excessive in an important product liability case testing the power of juries to impose large punitive awards against well-heeled corporations.
The justices accepted the appeal Tuesday, and will decide whether to follow recent precedent that punitive damages should in most cases match "actual" damages. Oral arguments will probably be held in November or early December
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