Tobacco firm wins payout appeal
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The US Supreme Court annuls a ruling that Philip Morris must pay $79.5m to a dead cigarette smoker's widow.
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Japan Tobaccoâs Canadian unit was ordered by an Ontario judge to stand trial on charges it defrauded the Canadian government out of about a billion Canadian dollars ($931 million) in the 1990s by shipping cigarettes to the United States to avoid paying taxes. The judge, David Fairgrieve of Ontario Provincial Court, said in a 29-page ruling that prosecutors had presented enough evidence to warrant a trial of the unit, JTI-MacDonald. The company has denied any wrongdoing.
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A California appeals court cut by half the $100 million in punitive damages awarded to the family of a man who sued tobacco giant Philip Morris USA Inc.
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The Supreme Court today agreed to hear an appeal by Exxon Mobil Corp. that seeks to overturn $2.5 billion in punitive damages a federal court ordered the company to pay for the 1989 Exxon Valdez oil spill off Alaska.
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The Supreme Court let stand on Monday a ruling that threw out a $10.1 billion verdict against Philip Morris USA in a lawsuit that accused the Altria Group Inc. unit of misleading consumers about the risks from smoking "light" cigarettes.
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MONTREAL - The Canadian arm of a huge tobacco company has asked a Quebec court to stop a provincial lawsuit claiming $1.4 billion in unpaid taxes on smuggled cigarettes.
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A closely divided U.S. Supreme Court overturned on Tuesday a $79.5 million punitive damages award won by a longtime smoker's widow against Altria Group Inc.'s Philip Morris unit.
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NEW YORK -- A federal judge on Monday granted class action status to tens of millions of "light cigarette" smokers for a potential $200 billion lawsuit against tobacco companies.
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A state Appeals Court panel yesterday upheld a decision that a former employee of Putnam Investments isn't entitled to a share of the millions of dollars the Boston company paid to settle charges it allowed improper trades in its mutual funds.
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The US Supreme Court threw out an order for tobacco giant Philip Morris to pay 79.5 million dollars to the widow of a US smoker, in a victory for businesses hoping to limit massive monetary awards.
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TALLAHASSEE - Lawyers for as many as 700,000 ill and dying smokers urged the Florida Supreme Court on Wednesday to restore a record-shattering $145 billion verdict against the tobacco industry, or at least a portion of it.
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Although of limited scope, the 5 to 4 decision was a victory for the cigarette industry and for other corporate defendants.
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A federal appeals court ruled on  Tuesday that California's anti-smoking advertisements do not  violate the rights of tobacco companies even though they were  funded by taxes on cigarettes.
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A divided Supreme Court set aside on Tuesday a $79.5 million punitive damages award won by a longtime smoker's widow against Altria Group Inc.'s Philip Morris unit.
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Two major cigarette makers on Wednesday said they plan to appeal a Louisiana court ruling ordering them to fund a program to help people quit smoking, although the decision reduced the amount of damages they faced.
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British American Tobacco, the firm behind the Lucky Strike and Dunhill brands, sold 6% more cigarettes in the first nine months of the year and saw profits rise 20% to Â£1.
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A U.S. federal judge gave class-action   status on Monday to a lawsuit filed by "light" cigarette   smokers who accuse tobacco companies of fraud and are seeking a   verdict of as much as $200 billion.