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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 (6309)1/4/2002 1:15:33 PM
From: Jim Oravetz   of 6439
 
WSJ Washington Wire: SMOKED IN COURT: Justice lawyers slapped for missing tobacco-suit deadline.

The episode is seen as a further sign of administration ambivalence toward the lawsuit, inherited from Clinton's term, that seeks billions in damages for an alleged 50-year industry cover-up of smoking's risks. Federal Judge Gladys Kessler, denying Justice's bid to extend the deadline for subpoenas of company consultants' papers, says the government "is merely attempting to manipulate the court."

Justice is left asking for "voluntary compliance" with its evidence requests from, among others, Prudential, Merrill Lynch and Harvard University.

Tobacco-industry lawyers expect a new White House push to settle but say any deal must be on their terms.
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