Word: verdicts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Wall Street dismissed the $145 billion setback as if it were a parking ticket. Tobacco stocks were off marginally, indicating that investors had already priced the decision into the shares. And industry analysts remain bullish. "The scale of the verdict speaks to the unconstitutionality and the absurdity of the whole process," says David Adelman of Morgan Stanley Dean Witter...
...last time the tobacco industry faced potentially crushing liability--at the hands of the states--it decided to settle, a course Rosenblatt seemed to encourage. Speaking after the verdict, he delivered an unusually angry--and personal--challenge to Philip Morris' CEO. "Geoffrey Bible, I'm available, pal," he bellowed to a crowd of reporters. "Mr. Bible, with all your shareholder meetings and all your stock and your $25 million bonuses, yes, and all your tough talk. Mr. Bible, call me next week. I'll take a payout...
Hours after the verdict, Rosenblatt got an answer: Don't wait by the phone. The company made it clear it wasn't going to settle and dismissed him as a lawyer who was running scared. "He knows the case will not withstand scrutiny at the appellate level," company lawyer Little said...
...government, of responsibility for the deaths of some 80 Branch Davidians near Waco, Texas, during the 1993 siege by federal agents; by an advisory panel of jurors in a wrongful-death suit brought by relatives and surviving cult members; in Waco. A federal judge will render the final verdict...
...meantime, Judge Robert Kaye will issue his final judgment on the jury's verdict. He will probably lower the penalty in order to stay within a Florida law that prevents juries from bankrupting defendant companies. The tobacco companies will ask him to overturn the verdict. Most likely he won't. Off to the appellate court, where the defendants will ask that the class be decertified, as other tobacco class actions have been before it. The case will be heard in Florida's Third District Court of Appeals and, from there, the state supreme court. Both have green-lighted parts...