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: Jim Oravetz who wrote (6390)	5/12/2004 12:43:36 PM
From: Jim Oravetz	Read Replies (1) of 6439

Fla. Appellate Court Affirms Plaintiff's Verdict In Smoking Case; Philip Morris USA To Seek Further Review DOW JONES NEWSWIRES May 10, 2004 NEW YORK -- Altria Group Inc. (MO) plans to seek further further appellate review after a Florida appeals court affirmed a St. Petersburg, Fla., jury's 2003 decision ordering the company's Philip Morris USA unit to pay damages to a former smoker who has lung disease. A three-judge panel of Florida's Second Circuit Court of Appeal rejected the company's argument that the jury was given improper legal instructions when it concluded that John Eastman, a 75-year-old former smoker who suffers from a respiratory illness, was entitled to damages. In a press release Monday, Altria said the judgment holds Philip Morris USA liable for about $2.6 million in compensatory damages, plus interest. The jury found that the plaintiff wasn't entitled to any punitive damages, Altria said. Brown and Williamson Tobacco Corp., a unit of British American Tobacco PLC is also a defnedant in the lawsuit. -Stephen Lee; Dow Jones Newswires; 201-938-5400

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