Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

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Feb 6 9:30 AM EST

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To: Rarebird who wrote (2254)	9/3/1998 12:16:00 AM
From: Rarebird	Read Replies (1) of 6439

Idaho Judge Dismisses Most Of State's Tobacco Medicaid Lawsuit: Boise,Idaho, Sept.2 ( Bloomberg ) 11:39pm EDT An Idaho Judge dismissed most of that state's lawsuit against the major U.S. cigarette companies, ruling that it would not be entitled to recover the public costs of treating smoker's illnesses. Ada County District Judge Daniel Eisman threw out the state's claims under antitrust, conspiracy and other laws and gave Idaho 14 days to amend its suit with more specifics or face the complete dismissal of the case. The ruling is the second major blow to the 42 suits by states seeking to make up hundreds of billions of dollars in Medicaid and other money. In July, an Indiana judge dismissed that state's case entirely. " The state's complaint was long on generalities attributing bad motives to the tobacco industry, yet was woefully short when it came to specific allegations supporting the claims for recovery " said Thomas McKim, assistant general counsel for RJR Nabisco Holdings Corp.'s tobacco company. Eismann allowed Idaho Attorney General Alan Lance to amend his remaining claim under the state's Consumer Protection Act. That claim in the June 1997 suit contends that RJR, Phillip Morris Cos. and other companies " violated the Consumer Protection Act by repeatedly making false statements to the public that nicotine is not addictive " or that cigarettes are not harmful, Eismann wrote. He demanded that the state make more specific allegations, noting that it hadn't said who made which statements where. Lance couldn't be reached to comment. The largest tobacco companies have agreed to pay about $39 billion to settle suits by four states. They are set to resume negotiations tomorrow with a core group of eight states in hopes of developing a draft settlement that would apply to the remaining states, including those that haven't sued. That settlement would include payments of about $200 billion and the end of tobacco ads on billboards. Idaho was one of the last states to sue.

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