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Tobacco Companies Fight Off Suits by Three Nations (Update1)  

Jump to full article: Bloomberg News, 2001-10-29
Author: Greg Stohr

Intro:

Philip Morris Cos. and other cigarette makers won the final round in lawsuits by Guatemala, Nicaragua and Ukraine, as the U.S. Supreme Court turned aside an appeal by the three nations. . .

``We look forward to the day when all of these foreign cases are dismissed,'' William S. Ohlemeyer, Philip Morris' associate general counsel, said in statement.

Shares of New York-based Philip Morris rose 16 cents to $50.03 in midday trading. R.J. Reynolds Tobacco Holdings Inc. fell 11 cents to $58.50.

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