Word: awarded
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Horvitz shared the award with two British researchers, his former mentor Sydney Brenner and longtime collaborator John E. Sulston...
...prove a blessing in disguise for the tobacco giant. Betty Bullock, a 64-year-old with lung cancer who has smoked since age 17, persuaded the jury to punish the company for malicious deception she claims lured her into addiction. They were so disgusted that they set the award a full $8 billion higher than Bullock’s attorney requested, and $25 billion higher than the largest settlement to date...
...bitter reality of the Bullock decision is that Phillip Morris will never turn over a penny of the award. After four decades and thousands of lawsuits, Robert A. Levy of the CATO institute points out, no tobacco company has ever paid any court-awarded damages. Given that they win eight or nine of every ten individual litigations on average, according to Goldman Sachs tobacco analyst Marc Cohen, they have little cause for concern. If the Bullock decision signaled a real threat to Phillip Morris, we would expect investors, the most paranoid sentries of corporate danger, to sell off stock...
...programs to help smokers quit. The unprecedented size of this settlement, together with the small but important reforms on which it is contingent, represent the first forced concession of the seemingly impervious industry. In Miami, the first class action lawsuit decided by trial has yielded a $144 billion award, pending appeal...
...promise of collective litigation may not be fully realized if hindered by public backlash to individual litigation. The public will be rightfully indignant over the absurd size of the award and the greed that clearly motivates many plaintiffs. In an already litigious society, these cases will be associated with the same kind of shameless opportunism behind, for example, the farcical McDonald’s suit this year that blames the company for a customer’s obesity...