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Tobacco Company Wins Missouri Smoker Suit 

Jump to full article: Reuters, 1999-05-14
Author: Carey Gillam

Intro:

Gary Black, a tobacco analyst with Sanford Bernstein & Co., predicted the sector will continue to climb.

``I think you're going to see a massive sentiment shift,'' he said. ``The world's going to go back to normal.''

After the losses in California and Oregon, some analysts warned there was a sea change shift among jurors' thinking and braced for a long series of tobacco losses.

But Black said the industry can expect to lose three out of 10 cases and that ``people are going to stop looking at them as bankrupting events.''

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