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- Zacks Sell List Highlights: Royal Caribbean Cruises Ltd., CBS Corp., Philip Morris International Inc. and Nisource Inc.
- CHICAGO -- Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List ? Stocks to Sell Now. These ...
- Research articles 2009-03-06
- Zacks Analyst Blog Highlights: Philip Morris International, Inc., Altria Group, Inc., Cleveland BioLabs, Inc., Scientific Games Corp. and FactSet Research Systems Inc
- 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),...
- Research articles 2008-09-30
- Philip Morris International Inc. Announces Agreement to Acquire Rothmans Inc
- Revises Second Quarter 2008 Results Reaffirms Annual Guidance * PMI to commence a tender offer to acquire all outstanding common stock of Rothmans Inc. for CAD $30.00 per share, an aggregate transaction value of approximately CAD $2.0 billion * Completion of the tender offer expected by September...
- Research articles 2008-07-31
- Philip Morris International Inc. Presents at JP Morgan Global Tobacco Conference
- 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...
- Research articles 2008-06-27
- Philip Morris International Inc. to Webcast Presentation at JP Morgan Global Tobacco Conference
- 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...
- Research articles 2008-06-23
- Philip Morris International Recommends Rejection of Mini-Tender Offer By TRC
- 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...
- Research articles 2008-05-02
- Philip Morris International Announces Acquisition of Certain Trademarks From Imperial Tobacco Group
- LAUSANNE, Switzerland -- Philip Morris International PMI (NYSE:PM) announced today that it has reached an agreement with Imperial Tobacco Group Imperial to acquire certain brands in the Other Tobacco Products OTP category. The agreement transfers to PMI, Imperial's rights to the Interval fine-cut tobacco trademark worldwide and either transfers or...
- Research articles 2008-04-23
- Federal Appellate Court Reverses Nationwide "Lights" Class
- 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...
- Research articles 2008-04-03
- Court Denies Tobacco Giants' Motions to Dismiss Claims Alleging Explicit Age Discrimination and Retaliation.
- 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...
- Research articles 2008-02-27
- Previous rulings on punitive damages
- 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...
- Research articles 2008-02-26
- Philip Morris USA Files Lawsuits to Stop Importation of Counterfeit Cigarettes
- 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.
- Research articles 2008-02-29
- Fitch Rates Philip Morris International 'A+/F1'; Outlook Stable
- CHICAGO -- Fitch Ratings has assigned Philip Morris International Inc. PMI a long-term Issuer Default Rating IDR of 'A+' and a short-term IDR of 'F1'. Fitch has also upgraded PMI's senior unsecured rating to A+ from 'BBB+' and removed it from Rating Watch Positive. The Rating Outlook on all the...
- Research articles 2008-01-30
- Punitive damages shrink as court reins in lawyers
- 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...
- Research articles 2008-01-21
- Will Exxon punitive damages ruling spill over into due process questions?
- 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...
- Research articles 2008-01-01
- Philip Morris USA Makes Master Settlement Agreement Payment of Approximately $4 Billion
- 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.
- Research articles 2008-04-15
- Philip Morris USA Files Lawsuits to Stop Importation of Counterfeit Cigarettes
- 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...
- Research articles 2008-01-08
- Philip Morris USA Files Additional Lawsuits to Stop Importation of Counterfeit Cigarettes
- 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.
- Research articles 2008-04-09
- Lorillard, Philip Morris to duke it out in U.S. District Court in
- 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...
- Research articles 2007-12-06
- Philip Morris USA Confirms Receipt of $1.2 Billion in Escrow Funds Related to the Engle Class Action in Florida
- NEW YORK -- Regulatory News:
- Research articles 2007-12-03
- Working the Unworkable Rule Established in Philip Morris: Acknowledging the Difference Between Actual and Potential Injury to Nonparties
- 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...
- Research articles 2007-09-01
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