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 63.11

-0.8%

Jan 28 3:59 PM EST

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To: Geoff who wrote (1940)	7/20/1998 8:40:00 AM
From: Cosmo Daisey	Read Replies (1) of 6439

Geoff, This is BIG, BIG news. Friday July 17, 12:15 pm Eastern Time R.J. Reyonlds praises New York court decision WINSTON-SALEM, N.C., July 17 (Reuters) - R.J. Reynolds Tobacco Co. praised a New York court's decision to dismiss class-action suits against tobacco companies. The company said the ruling showed that class-status status does not apply to large groups whose only common characteristic is that they used the same product. ''The court correctly noted that people who smoke do so for different reasons, under different circumstances and with different results,'' Daniel Donahue, Reynolds senior vice president and deputy general counsel, said in a statement. A New York appeals court on Thursday said class-action procedures may not be applied to suits against tobacco companies. the court dismissed five class-action suits.

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