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)

MO 58.07

-0.5%

Dec 19 9:30 AM EST

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To: md1derful who wrote (6293)	11/15/2001 1:01:29 PM
From: md1derful	Read Replies (1) of 6439

More legal stuff: Mark McMinimy -- Tobacco: Another Victory on the Litigation Front Cigarette makers chalked up another legal victory yesterday when a West Virginia jury rejected plaintiffs' claims that cigarettes were a defective product and that the companies should provide healthy smokers with medical monitoring in compensation. The concept of medical monitoring of healthy people who have been exposed to a dangerous substance is not entirely novel in states like West Virginia that have experienced a lot of asbestos litigation, so the result was a gratifying one for the industry. The danger is if plaintiffs gains such relief in one jurisdiction it could well be the thin end of a large wedge. A similar theory of compensation will be pursued in an upcoming case in Louisiana. We continue to believe that the industry's litigation problems in California are the biggest threat on the nearterm horizon. Hang tough doc

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