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Wednesday, December 13, 2006 - Supreme Court Rejects Reinstatement of $10.1 Billion Cigarette Verdict: "Supreme Court Rejects Reinstatement of $10.1 Billion Cigarette Verdict
The Associated Press
November 28, 2006
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The U.S. Supreme Court sided with one of the largest U.S. tobacco companies on Monday and refused to disturb a court ruling that threw out a $10.1 billion verdict over Philip Morris USA's 'light' cigarettes.
The Court issued its order without comment.
Last year, the Illinois Supreme Court threw out the massive fraud judgment against Philip Morris, a unit of the Altria Group Inc., in a class action lawsuit that involved 'light' cigarettes.
Because the Federal Trade Commission allowed companies to characterize their cigarettes as 'light' and 'low tar,' Philip Morris could not be held liable under state law even if the terms it used could be found false or misleading, the state court said. "


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