• Research Paper on:
    Court Cases Faced by Philip Morris Tobacco Company

    Number of Pages: 5

     

    Summary of the research paper:

    In five pages this paper discusses Philip Morris's lawsuits in a discussion of proposed company name change and the tactics behind this change of name. Seven sources are cited in the bibliography.

    Name of Research Paper File: MM12_PGphlmr.rtf

    Buy This Research Paper »

     

    Unformatted Sample Text from the Research Paper:
    a court in Los Angeles awarded $3 billion in punitive damages and another $5.5 million in a variety of other damages to Richard Boeken (Brook, 2001). The order was placed  against Philip Morris. In 1999, a jury in Oregon ordered Philip Morris to pay $8-.3 million in compensatory and punitive damages to the family of Jesse Williams (Brook, 2001).  This figure was reduced to $32 million and even that amount is under appeal (Brook, 2001). Given the past history of settlements, it is likely that under the appeals cases,  Philip Morris will have the judgements decreased. Five tobacco companies were sued in Florida (Brook, 2001). In July 2000, a jury in Florida came back with an award of  $145 billion dollars for the plaintiffs (Noonan, 2000). It was a class-action suit and the trial lasted for two years (Noonan, 2000). It was the first class-action suit against the  tobacco industry that went to a jury (Noonan, 2000). It took the jury, which was comprised of one smoker, one former smoker and four nonsmokers just five hours to bring  their verdict and award to the court (Noonan, 2000). Philip Morris was one of the five defendants (Brook, 2001). In 1998, the tobacco companies negotiated a settlement with 46  states that had filed suits against them (Noonan, 2000). The amount was for $246 billion to be paid out over a 25-year term. It was intended to preclude individual lawsuits  (Noonan, 2000). Philip Morris made their most recent payment against this judgement in January 2002 (Philip Morris, 2002). The total amount paid by Philip Morris since 1998 is $9 billion  (Philip Morris, 2002). The Master Settlement Agreement signed by Philip Morris in November 1998, includes payments to the states for 25 years (Philip Morris, 2002). The agreement included 

    Back to Research Paper Results