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Altria's Last Legal Hurdle Should Be Settled This Fall

 Sep 05, 2008 12:08 PM UTC
Return Risk
-11.93% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
MO Positive 09/05/08 -7.94% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

 From the Wall Street Journal

U.S. v. Philip Morris: Topping the list is United States v. Philip Morris, an appeal of the decade-long civil racketeering case against the tobacco industry. Philip Morris, now known as Altria Group (MO), is challenging the 2006 verdict which found that it and six other Big Tobacco defendants conspired for years to deceive the public about the health risks of tobacco. In addition to upholding the lower-court verdict, the government is asking the court to order the tobacco industry to pay more than $12 billion to fund a smoking cessation program and to fund an educational, counter-marketing campaign. Miguel Estrada of Gibson Dunn and Michael Carvin of Jones Day plan to argue the case on behalf of Altria.


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nextfundmanager   N/A     1 point   commented 438 days ago reply

even with this MO should be able to keep growing the smokeless market in america at a pretty good pace

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traderdrew   51%     1 point   commented 437 days ago reply

This thing is a staple and funds might start loading up on this thing given lack of other options, similar to what has happened with wal mart

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abates   N/A     1 point   commented 380 days ago reply

the potential for litigation is the only reason PM has debt two grades lower than it would be otherwise... and we can see why


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