Network Firm News

Thursday, May 22, 2003

A Giant Win for Tobacco Industry
$145 billion verdict dumped in Miami class action
Matthew Haggman and Laurie Cunningham -- Miami Daily Business Review -- 05-22-2003
In a sweeping victory for cigarette makers and blow to a class of thousands of Florida smokers, a state appellate panel on Wednesday unanimously overturned a $145 billion verdict against the tobacco industry and decertified the class. The court said that each smoker's claim was too unique to be tried in a class and that the verdict -- the largest punitive award in U.S. history -- would bankrupt the tobacco companies.

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