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.
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.
September 14, 2001 |
Liggett Group Inc. lost a bid to force insurance companies to defend it from tobacco-related litigation, as the company faces mounting legal fees and millions of dollars in pending jury awards. President Judge Henry DuPont Ridgely of the Delaware Superior Court found in favor of the insurance companies on nine summary judgment motions in lawsuits that covered policies held from 1970 to 2000, according to court documents.