Word: tobacco
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Dates: during 1960-1969
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Edwin Green was a Florida construction executive who smoked one or two packs of Lucky Strikes daily for most of his adult life and died in 1958, at the age of 49, of lung cancer. His widow and son sued for $1,500,000 damages from the American Tobacco Co., maker of Luckies. Last week, after the claim had been struck down by a district court and a federal appeals court, the Florida Supreme Court handed down an "advisory opinion" that both the manufacturer and the distributor of cigarettes can indeed be held liable for damages...
...entire $8 billion-a-year U.S. tobacco industry shuddered, and stocks of the five major cigarette makers slipped by 2% to 3% in the two days after the Florida ruling. In similar damage cases elsewhere, the courts have been trending against the cigarette companies. At first, courts from Massachusetts to Louisiana threw out the damage claims; then last November a federal district court jury in Pittsburgh found that Chesterfields (Liggett & Myers) had been "one of the causes" of lung cancer in a suing carpenter, but absolved the company on grounds that the smoker had knowingly assumed the risk. The Florida...
Association of Tobacco Distributors: "What the cigarette companies will have to contend with is the ghost of advertisements long past, which claimed such things as 'nose, throat and accessory organs are not adversely affected.' " But lawyers do not think that the Florida ruling could be used as a basis for cirrhosis victims to sue whisky distillers, or cholesterol-clogged heart patients to sue dairy companies. Reason: No court has ever held that such products are harmful...
...easily transported from country to country, and, if need be, can be quickly disposed of. Wall Street Broker Alfred Caspary's 50,000 stamps were sold beginning in 1955 for $2,900,000, and represented a quarter of the value of his estate. The collection of Swiss Tobacco Magnate Maurice Burrus, from which the rare 2? Hawaiian came, will probably realize $8,000,000 when it is all disposed of. Burrus paid $15,000 for the Hawaiian in 1921; last week's sale thus represented a 275% increase in value...
...states gave the Freeman program a two-thirds majority. One was Maine, where a mere 32 farmers cast ballots. The other five were all in the South: Georgia, Kentucky, North Carolina, South Carolina and Tennessee. In none of these states is wheat nearly as important as cotton and tobacco. Both of these crops have long operated under high-support, strict-control programs, and Southern farmers have become so fond of the supports they will accept almost all controls...