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PointOfLaw Forum: Is the Bell Tolling For Philip Morris? $300M Verdict for One Former Smoker 

Jump to full article: Pointoflaw.com (Walter K. Olson blog), 2009-11-20
Author: Posted by Michael Krauss at 2:37 PM

Intro:

There are 8000 more suits pending, and now that it seems clear that PM will be hemorrhaging money, I anticipate a rush to the courthouse to collect before bankruptcy ensues. At $300 million per pop, that's over $2 Trillion dollars. How did the jury come up with this punitive award, given PM's incredible existing exposure?

Many states have never seen $56 million compensatory verdicts for one plaintiff.

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