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HEARD ON THE STREET: Tobacco Can't Shake Off Legal Addiction 

But a number of verdicts in so-called Engle cases are again raising the specter of costly lawsuits. Engle cases are a threat to big tobacco because they let plaintiffs use a previous court finding that smoking causes cancer and that companies made false statements about their products.

In coming months, many more Engle cases will likely go to trial, along with possible suits related to cigarettes labeled "light." Morgan Stanley's David Adelman says damages could potentially total hundreds of millions of dollars in the next two to three years.

Yet share prices don't appear to reflect such danger. Consider Philip Morris International

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