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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?


To: Geoff who wrote (2449)10/5/1998 8:34:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 6439
 
What is heartening is that today's volume has been roughly 20% higher than the average volume. There is little doubt that this will break through. In fact, I think the sourer the market gets, the better it will be, for big MO.

Dipy.



To: Geoff who wrote (2449)10/5/1998 10:51:00 PM
From: don kramer  Read Replies (2) | Respond to of 6439
 
Geoff, ALL Thread, HEADS UP. 10/05/98 Tobacco Companies Win as Top U.S. Court Rejects Smoker Appeal Bloomberg
In rejecting the three cases, originally filed in Corpus Christi, Texas, the high court declined an opportunity to
revisit its 1992 decision shielding the tobacco industry from most types of misrepresentation and fraud lawsuits. . .
The 1992 ruling, known as CIPOLLONE V. LIGGETT GROUP INC., said that a federal cigarette labeling law
preempted many traditional state law lawsuits, such as charges of failure to warn and fraudulent
misrepresentation.

...and, for an encore, look what is happening in Vermont.

10/05/98 VERMONT: Judge Voids Most Of Local Tobacco Ad Law/ ANA Says Supreme Court Needs To Resolve Conflicts Advertising Age /NewsEdge (PREMIUM) A U.S. District judge in Vermont has issued the first ruling indicating local regulation of tobacco ads can violate the
First Amendment while not also violating a law...

dk