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To: MythMan who wrote (195367)10/4/2002 1:54:10 PM
From: benwood  Respond to of 436258
 
Just noticed JPM below 17. Got to be some enormous derivative pressure building out there; margin for anything-gettin'-worse has got to be down to zero on a number of fronts.



To: MythMan who wrote (195367)10/4/2002 1:59:06 PM
From: Bid Buster  Respond to of 436258
 
CA jury finds the dollar worthless >

Philip Morris Ordered to Pay $28 Billion
Friday October 4, 1:52 pm ET

LOS ANGELES (Reuters) - A Los Angeles jury on Friday ordered tobacco giant Philip Morris Cos. to pay $28 billion in punitive damages to a 64-year-old woman with lung cancer who blamed her tobacco addiction on the company's failure to warn her of the risks of smoking.
The jury deliberated for about a day and a half in the punitive damages phase of the trial before awarding what is believed to be the largest punitive damages award in a tobacco liability lawsuit.

The same panel found Philip Morris liable last week for the fraud, negligence and products liability claims in the lawsuit brought by Betty Bullock of Newport Beach, California, and awarded Bullock $850,000 in compensatory damages.

Philip Morris was not immediately available for comment.

Shares of U.S. tobacco companies dipped across the board after news of the jury award