Word: reynoldses
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This particular call was in support of “The Longest Yard,” which features Adam Sandler as a former football pro who, upon being imprisoned, is forced to lead a group of fellow inmates in a high-publicity football game against the prison’s...
The Santa Barbara trial is certain to be a courtroom drama. The case involves John Galbraith, a former insurance company administrator who for 50 years smoked two to three packs of cigarettes a day. In 1982 Galbraith died, at 69. The official cause of death was heart disease and emphysema...
"The industry has never paid a cent" in the similar cases that have been filed over the years, declares John Strauch, the lead attorney for Reynolds. The company's lawyers are expected to argue that Galbraith freely chose to smoke and thus cannot hold the company responsible for his illness...
For investors, the lawsuits represent a cloud hanging over the industry. Philip Morris shares closed the week at 74 5/8, down 21% from their March high. R.J. Reynolds was at 25, off 27% from its April peak. Admits Reynolds Chairman J. Tylee Wilson: "I believe that the product-liability issue...
Tobacco companies have not been standing by doing nothing as their stocks go down. Philip Morris, in buying General Foods, and R.J. Reynolds, in taking over Nabisco, have made dramatic moves that will change the structure of those companies. Philip Morris, which had earlier acquired Miller Brewing and Seven-Up...