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Jump to full article: Dow Jones via Nasdaq, 2006-03-20
Author: Mark H. Anderson, Of DOW JONES NEWSWIRES
Intro: Altria Group Inc.'s (MO) Philip Morris USA unit Monday exhausted its appeals to overturn a $50 million punitive damages award from a deceased smoker lawsuit filed in California.
The U.S. Supreme Court rejected the tobacco company's appeal without comment. Philip Morris has already taken a 3 cent-a-share charge to cover the cost of the court award, and now faces the payment, plus interest.
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