September 29, 1988
A federal appeals court in Boston, rejecting a tobacco firm's claim of confidentiality, ruled that a public interest group can obtain a consultant's research documents on smoking and health. The Washington-based Public Citizen group, which sought the documents prepared for tobacco giant Liggett Group Inc., termed the decision "vital in terms of tearing down the wall of secrecy" in product liability cases. The U.S.
May 17, 2001 |
Vector Group Ltd., a holding company that indirectly owns discount cigarette maker Liggett Group Inc., said Carl Icahn plans to buy about 1.64 million of its common shares for about $50 million, giving the billionaire financier about 13% of the tobacco company's outstanding shares. Miami-based Vector said it entered an agreement in which High River, owned by Icahn, will buy the shares at $30.50 apiece. Shares of Vector rose $1.50 to close at $33.60 on the NYSE.
September 25, 1986 |
Grand Metropolitan PLC., a hotels, drinks and leisure group, said Wednesday that it is negotiating to sell Liggett Group Inc., its U.S. cigarette business. "The negotiations are unlikely to be concluded for several weeks, and a further announcement will be made then," the company said. Grand Metropolitan, however, did not say with whom it was negotiating. Liggett, a subsidiary of Grandmet USA Inc., is based in Montvale, N.J. A spokeswoman for the company's Liggett & Myers Tobacco Co.
May 25, 1999 |
Philip Morris Cos. said it will drop Liggett Group Inc.'s special warning that smoking is addictive from the packaging on three cigarette brands it has purchased from the rival tobacco company. "Warning: Smoking is addictive" now appears on all Liggett's U.S. brands in addition to the standard Surgeon General's warning that is carried on all cigarettes sold in the U.S. Liggett, the tobacco unit of financier Bennett LeBow's Brooke Group Inc.
March 25, 1997 |
Judges in three states rejected the request of tobacco industry lawyers that Liggett Group Inc. be prevented from turning over for judicial review documents containing potentially explosive information. A federal judge in Texarkana, Texas, and state court judges in Chicago and Laurel, Miss., all issued restraining orders directing the four other U.S. tobacco companies--Philip Morris Inc., R.J. Reynolds Tobacco Co., Lorillard Inc. and BAT Industries' Brown & Williamson Tobacco Corp.
November 13, 1997 |
A Kansas state court judge refused to allow the immediate release of more than 2,418 internal tobacco industry documents that cigarette companies are strenuously battling to keep secret, rebuffing a request from plaintiff's lawyers. Circuit Court Judge Fred Jackson granted the industry a stay, pending appeal, even though he rejected arguments by cigarette company lawyers that he reverse an earlier ruling that they must relinquish the documents.