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December 7, 2006

Supreme Court Stops Unsubstantiated Verdicts

This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Martin Alpert
Claim Director, CAMBRIDGE INTEGRATED SERVICES GROUP INC
Implications: >Simply no Fraud no comment, actually says alot! 
>A Supreme Court Message to stay out of Madison County?
>6 Billion back to Philip Morris?
>Trial Court keeps the interest on the bond! 

Analysis: The U.S. Supreme Court on the last Monday in November let stand a ruling that dismissed a $10.1 billion verdict against Philip Morris USA, ending a case that became a windfall for the county where it originated, but may have helped feed its reputation as a "judicial hellhole."  In the Court's order, the nation's high court upheld without comment last year's Illinois Supreme Court ruling throwing out the massive fraud judgment against Philip Morris USA, a unit of New York-based Altria Group Inc., in a class-action lawsuit involving "light" cigarettes.  The local county, however, will likely keep the interest on the bond money, used to help fund local county building remodeling!  One wonders what possible conflict existed in the trial court upholding the verdict initially if the county ultimately would receive funds from the appeal bond?

Are these types of tobacco verdicts simply getting out of hand?  Are the verdicts consistent with the possible wrongs being committed?  Are jurors trying to send subtle messages?  When will the Supreme Court finally come up with the magic universal formula for proper verdicts on damages, especially punitive?  

Other Analyses of the Same Source Article:
Qui Tam-The Next Litigation Phase
December 7, 2006, Author: Martin Alpert, Claim Director, CAMBRIDGE INTEGRATED SERVICES GROUP INC

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