Philip Morris Challenges $10.1 Billion Consumer Fraud Ruling
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Philip Morris USA challenged a $10.1 billion consumer fraud ruling Wednesday, telling the Illinois Supreme Court that its &quot;light&quot; cigarettes performed as advertised.
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Philip Morris USA, a unit of Altria Group Inc, said on Tuesday that it had filed two federal lawsuits against Web site operators, saying they were selling illegally imported cigarettes bearing its own and the Marlboro trademarks.
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America&#39;s largest tobacco companies go on trial on Tuesday as they face a $280bn (Â£156bn) government lawsuit. Opening arguments will be heard in the case, in which the Justice Department accuses the companies
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The company seeks to overturn a penalty imposed for lack of antitrust compliance.
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U.S. smokers spent as much as $200   billion over more than three decades buying "light" cigarettes   under the false belief they were safer than regular smokes, an   attorney in a potential class action lawsuit argued on   Wednesday.
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Parmalat, the Italian food and dairy giant, has filed another civil lawsuit against a major financial institution, contending that managers at Bank of America helped structure a series of transactions that allowed more than $10 billion to be &quot;diverted
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US prosecutors will try to overturn a court ruling that threw out its claim for $280bn in damages from the nation's major tobacco firms.
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Altria, which includes Philip Morris, has been looking for a way to extract divisions from the American tobacco unit, which has been mired in litigation for years.
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A $10.1 billion judgment last year against cigarette-maker Philip Morris USA &quot;did not represent justice,&quot; former Gov. James Thompson told the Illinois Supreme Court on Wednesday.
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Major cigarette makers go on trial on Tuesday in the US government&#39;s $280 billion racketeering case that charges the tobacco industry with deliberately deceiving the public about the risks of smoking since the 1950s.
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(December 8, 2004) - New York Attorney General Eliot Spitzer has crusaded against Wall Street and has fought as a consumer advocate.
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The Supreme Court ruled Monday that Philip Morris Cos. Inc. cannot move a lawsuit by cigarette smokers into federal court.
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Sick Florida smokers yesterday urged Florida&#39;s highest court to punish the tobacco industry for &quot;fraud and deceit&quot; by restoring a $145 billion class-action award, the largest ever by a US jury.
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A California appeals court has  ruled that a smoker's record-breaking $3 billion punitive  damages award against Philip Morris was still "excessive" even  after being reduced by a trial judge to $100 million and must  be halved again.
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The U.S. Supreme Court ruled on Monday that a class-action lawsuit against Philip Morris USA, a unit of Altria Group Inc. , should not be decided in federal court, handing a defeat to the tobacco company.
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The suit seeks $1 billion in damages and an injunction against further violations.
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The Supreme Court today discarded a $79.5 million jury award against the Philip Morris tobacco company, the latest in a decade-long series of ruling that limit punitive damage verdicts against corporations.