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Word: liggett (lookup in dictionary) (lookup stats)
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...safer cigarette for Philip Morris, the world's largest tobacco company. Uydess, an associate senior scientist at Philip Morris for 11 years, quietly resigned from his job in 1989. Not until two weeks ago, however, when he witnessed the spectacle of his former employer playing hardball while cigarette maker Liggett worked out a settlement in six huge lawsuits, did he decide to make a big noise. "This is a social tragedy that is being played out here, and it's got to stop," Uydess told TIME. "If there's any way I can help stop it, I want...

Author: /time Magazine | Title: SMOKING GUNS | 4/1/1996 | See Source »

...Kasowitz quizzed him, but, says Barrett, "I didn't realize he was the personal friend and attorney for Ben LeBow." Not until a few weeks later, that is, when Kasowitz called Barrett to arrange a meeting and floated the news that his client, Bennett LeBow, majority shareholder in the Liggett Group, was ready to cut a deal...

Author: /time Magazine | Title: A FORK IN TOBACCO ROAD | 3/25/1996 | See Source »

With the announcement last week that Liggett, the smallest of the nation's five major cigarette makers, had agreed to settle the Castano class action in Louisiana on behalf of all smokers and five state Medicaid suits against cigarette makers, the landscape of tobacco litigation underwent a seismic shift. In real dollars, the terms of the agreement--Liggett will wind up paying less than $2 million a year over the next 25 years toward antismoking programs, and will comply with proposed Food and Drug Administration rules about marketing to children--have little bite. Any capitulation, however, marks a drastic change...

Author: /time Magazine | Title: A FORK IN TOBACCO ROAD | 3/25/1996 | See Source »

...TIME has learned that even before news of the Liggett deal broke, other settlement feelers had gone out. Florida state senate minority leader Ken Jenne says that last Tuesday he was approached by Jon L. Shebel, president and ceo of the powerful Associated Industries of Florida, a lobbying group that includes Philip Morris, R.J. Reynolds and the Tobacco Institute. Shebel confirms that a conversation took place in which actual dollar amounts were bandied about. He admits that he mentioned payments of $105 million a year, "for a long time, maybe indefinitely," to settle the state's $1.4 billion lawsuit...

Author: /time Magazine | Title: A FORK IN TOBACCO ROAD | 3/25/1996 | See Source »

...sights on R.J.R. Nabisco. "He's in it to make money,'' says Richard Scruggs, one of whistle-blower Jeffrey Wigand's lawyers, who is helping on the Mississippi Medicaid suit. "This is a very sophisticated business transaction by Bennett LeBow." If LeBow can force a merger between Liggett and R.J.R., then R.J.R. will participate in the settlement, moving out from under the shadow of incessant litigation, boosting its stock price and enabling LeBow to split the company's food and tobacco divisions. Even if this scheme fails, LeBow tells TIME, "it was a good economic deal for us to settle...

Author: /time Magazine | Title: A FORK IN TOBACCO ROAD | 3/25/1996 | See Source »

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