CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Philip Morris International, Inc. (NYSE: PMI), Altria Group, Inc. (NYSE: MO),...
NEW YORK -- Regulatory News: Philip Morris International Inc.'s (NYSE / Paris Euronext: PM) Chief Operating Officer Andre Calantzopoulos will address investors today at the JP Morgan Global Tobacco Conference at the Mandarin Oriental Hotel in London. The presentation and Q&A session are being webcast live, in a...
NEW YORK -- Regulatory News: Philip Morris International Inc. (NYSE/Euronext Paris: PM) will host a live audio webcast of its presentation at the JP Morgan Global Tobacco Conference in London at www.pmintl.com on June 27, 2008, at approximately 9:25 a.m. London Time (4:25 a.m. ET). The webcast will...
NEW YORK -- Philip Morris International Inc. (NYSE/Euronext Paris: PM) has been notified of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase up to 2.0 million shares, or approximately 0.09%, of Philip Morris International Inc. PMI outstanding common stock. TRC Capital's offer price of $49.25 per share is...
NEW YORK -- The U.S. Circuit Court of Appeals for the Second Circuit today reversed the certification of a nationwide class action of "lights" smokers. "Philip Morris USA is pleased with today's decision and believes the court came to the right conclusion in light of the overwhelming precedent denying...
NEW YORK, February 27 /PRNewswire/ -- - U.S. District Court Allows Claims Brought by Swiss-Based In-House Counsel To Proceed against Altria Group, Inc. and Phillip Morris International, Inc. Broach & Stulberg, LLP announced today that U.S. District Court Judge Laura Taylor...
Latest Supreme Court decisions curtailing punitive damages awards: Philip Morris USA v. Williams (2007) -- The court threw out a $79.5 million award to a smoker's widow, saying jurors were not properly limited in their consideration of harm caused to people who were not part of...
RICHMOND, Va. -- Philip Morris USA filed a lawsuit in federal court yesterday in the Central District of California against Nice Pak Products, Inc. of Orangeburg, N.Y. The lawsuit is aimed at stopping the importation, distribution, and sale of counterfeit cigarettes and the unauthorized use of Philip Morris USA's trademarks.
RICHMOND, Va. -- Today, Philip Morris USA PM USA made its full annual Master Settlement Agreement MSA payment of approximately $4 billion. This amount includes approximately $156 million that PM USA disputes it owes as a result of the 2005 Non-Participating Manufacturer NPM Adjustment.
RICHMOND, Va. -- Philip Morris USA PM USA filed two lawsuits in federal court yesterday in Los Angeles, Ca., aimed at stopping the importation, distribution, and sale of counterfeit cigarettes and the unauthorized use of PM USA's trademarks.
Some say they've changed their approach in trials A U.S. court crackdown on punitive damages resulted in the second consecutive year of declines and reversals of earlier verdicts, a trend working in favor of companies like Ford Motor Co. The Dearborn, Mich.-based automaker in the past...
In October, the Supreme Court granted certiorari in Exxon Shipping Co. v. Grant Baker, which involves a challenge to the large punitive damages awarded in litigation over the Exxon Valdez oil spill. (1) Significantly, the Court granted review of only some of the questions presented, which...
RICHMOND, Va. -- Philip Morris USA filed two lawsuits in federal court yesterday in the Eastern District of New York against importers, C.H. Rhodes of Flushing, N.Y., and U.S. Sun Star Trading Inc. of Brooklyn, N.Y. The lawsuits are aimed at stopping the importation, distribution, and sale of counterfeit cigarettes...
Lorillard Tobacco Co. is denying that the use of the letter "M" to promote its Newport cigarettes cashes in on Philip Morris USA's iconic Marlboro brand. Philip Morris USA, the nation's No. 1 tobacco company, filed suit in October in U.S. District Court in Richmond, Va., seeking to block Lorillard...
RICHMOND, Va. -- Philip Morris USA filed lawsuits today against retailers selling counterfeit versions of the company's Marlboro[R] brand cigarettes. The company filed three suits against 105 retailers in federal courts in New York and New Jersey. The lawsuits are aimed at stopping the sale of counterfeit cigarettes and the...
I. INTRODUCTION Over the past fifteen years, legal scholarship dedicated to the topic of punitive damages has increased significantly.1 This increase is principally due to United States Supreme Court decisions that changed the punitive damages landscape.2 Prior to these decisions, the individual states retained almost exclusive control of punitive damages...
Shares retreat from early highs Jonas Crosland Leading shares in London failed to hold onto early gains, and after adding 75 points to its overnight total at one stage, the FTSE100 index came back to stand at 6,147.4 at lunchtime, a rise of just 15.2...
WASHINGTON -- A Senate committee Wednesday embraced legislation that would for the first time allow federal regulation of cigarettes. The bill, approved 13-8 by the Health, Education, Labor and Pensions Committee, would give the Food and Drug Administration authority to restrict tobacco advertising, regulate warning labels and...
