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November 27, 2006

Supreme Court Denies Certiorari in Price v. Philip Morris, Inc. Letting Illinois Supreme Court's Reversal of $10.1 Billion Verdict Stand

The U.S. Supreme Court today denied the petition for certiorari in Price v. Philip Morris, Inc., letting stand the Illinois Supreme Court's opinion (848 N.E.2d 1 (Ill. 2005)),overturning a $10.1 billion verdict against Philip Morris in a class action based on the fraudulent manufacture, distribution, marketing, and sale of "light" and "lowered tar and nicotine" cigarettes." See CNN.Com for an expanded story.

MKS

November 27, 2006 | Permalink

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