March 22, 2005 |
The U.S. Supreme Court on Monday rejected an appeal by Philip Morris, setting the stage for the tobacco giant to pay more than $16 million to a Glendale woman who contracted lung cancer. It would be the largest payment and the first punitive damages ever paid to an individual smoker. The court's refusal to review the case was the last gasp for Altria Group Inc.'s Philip Morris, which had been fighting for six years to overturn the damages award to Patricia Henley.
November 23, 2004 |
HARLEY BATES is steaming. He pushes past the off-duty cop standing in front of his ranch and charges the reporter and photographer. "Get the hell off my land!" he says. "Sir, I'm a reporter ... " "You're scaring people taking their pictures as they drive in!" A quarter of a mile away, the roof of a school bus crowns a small hill. Through a telephoto lens, tiny figures mill about. The reporter and photographer take turns looking for wisps of cigarette smoke.
July 9, 2004 |
Philip Morris International and the European Union have sealed a deal for the maker of Marlboro cigarettes to pay $1 billion to fight smuggling and counterfeits that are costing both sides hundreds of millions annually in lost taxes and sales, sources familiar with the matter said Thursday. Talks to end years of legal wrangling will conclude Friday with the signing of a cooperation agreement, one source familiar with the talks said.
April 8, 2004 |
A state appeals court threw out a $21.7-million award against two tobacco giants Wednesday, ruling that a jury shouldn't have considered evidence of industry misconduct in a 10-year period during which cigarette makers were protected from litigation. The decision marked the first time a jury award had been overturned as a result of a California Supreme Court ruling in 2002 that determined the effect of previous legislative protections for the industry.
March 11, 2004 |
The Justice Department may seek to force Altria Group's Philip Morris USA, R.J. Reynolds Tobacco Holdings Inc. and other cigarette makers to give up profits earned before 1970, a federal judge ruled Wednesday. Attorneys for the cigarette makers argued that the government shouldn't be able to use a 1970 racketeering statute to recover industry profits earned before the law was on the books. U.S.
January 29, 2004 |
Altria Group Inc., parent of cigarette maker Philip Morris, said fourth-quarter earnings rose 18% after it reduced prices on Marlboro and other top sellers to win back smokers who had switched to cheaper brands. Net income climbed to $2.09 billion, or $1.02 a share, from $1.77 billion, or 85 cents, in the year-earlier period, the New York-based company said in a statement. Sales at Altria, which also owns Kraft Foods Inc., increased 10% to $20.7 billion from $18.8 billion.