Litigation
Oct. 19, 2002
If Award Is Not Reduced, Philip Morris May File for Bankruptcy
Focus Column - Litigation - By Howard N. Madris - On Oct. 4, a Los Angeles jury issued a $28 billion punitive damages verdict against Philip Morris. The award was in addition to the $750,000 in economic damages and $100,000 for pain and suffering that the jury previously had awarded the plaintiff, a 64-year-old former smoker with lung cancer.
Litigation
By Howard N. Madris
On Oct. 4, a Los Angeles jury issued a $28 billion punitive damages verdict against Phil...
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