Philip Morris (MO) Message Board

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Non-Tech : Philip Morris (MO)

MO 56.67

+0.5%

Nov 3 9:30 AM EST

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To: paul gambuto who wrote (35)	4/16/1997 11:36:00 PM
From: Geoff	of 50

UP $4+ today! Looks like the Liggett documents are bad enough for MO to seek a settlement. The road to a settlement with the govt will be a tough one, but one that will have to be traveled. MO shareholders should go out and buy a case of Miller, a package of Velveeta cheese, and a carton of Marlboros and be very happy today. I hope that this is the beginning of the end of the tobacco law craze! The industry must fear that it is going to start to lose some of the cases now going to court. A global arrangement is the in the best interests of everyone -- especially big MO! Hopefully these 'secret' talks will become more public, and reports of a real agreement will begin to surface. $300 billion is a fair amount to pay to a fund, as long as the politicians don't use the money for other purposes. The idea of it being like a 'workmans comp' sound good -- smokers could no longer sue the tobacco industry. There is legal precedence for such legislature by Congress, workmans comp for one. I just hope all this litigation crap ends so we can get on to discussing the money MO will make all of us. geoff

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