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Headlines Tagged with Engle 1,391 headlines found

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[UK] Weaker tobacco, retail shares drag down FTSE, Tesco up

"Investors are concerned that if this verdict doesn't get quashed when it goes to appeal, then this could have severe implications for the entire industry," David Battersby, investment manager at Redmayne-Bentley, said.
Reuters
added Jul 21, 2014 12:38
3 Views

Stocks: 5 things to know before the open

Shares in tobacco giants Reynolds American (RAI) and Philip Morris International (PM) were falling heavily premarket after a Florida jury ordered R.J. Reynolds Tobacco to pay $23.6 billion to the widow of a long-time smoker who died of lung cancer.
CNN/Money
added Jul 21, 2014 12:36
19 Views

[Florida] R.J. Reynolds Loses $23.6 Billion Verdict

sends a message to the industry that the public continues to find it responsible for smoking-related illnesses and deaths... Chestnut, a lawyer for Ms. Robinson..."This isn't an irrational or impassioned verdict...Any rational mind would come up with the
The Wall Street Journal Interactive Edition
added Jul 21, 2014 12:23
25 Views

[Florida] RJ Reynolds' $23-bln punitive damage award unlikely to stand -experts

"Nobody thinks the $23 billion is going to remain," said Richard Daynard... "You're going to have a lot more cases where juries could find themselves similarly outraged," he said. "The reluctance of the tobacco companies to settle these cases, thinking
Reuters
added Jul 21, 2014 12:18
52 Views

[Florida] RJ Reynolds Hit With $23B Verdict In Fla. Engle Suit ($$)

Howard Acosta, an attorney representing the plaintiff, told Law360 Friday the arguments "struck a nerve" with the jury. Acosta also said R.J. Reynolds would need to bond the verdict to appeal it, and that the bond alone could be as high as $2 billion, a
Law360
added Jul 21, 2014 02:40
63 Views

[Florida] Reynolds hit with $23.6bn damages bill

Last week UK-based Imperial Tobacco bought a handful of cigarette brands from US tobacco company Lorillard – which was in turn sold to Reynolds American, in the same deal – but only on the condition that Imperial was given indemnity from any lawsuits rel
Financial Times (uk)
added Jul 20, 2014 13:18
67 Views

[Florida] Jury slams Reynolds with $23.6B in damages

Though the punitive damages award is staggering - 75 percent of Reynolds American Inc.'s market capitalization - there is ample legal precedent in and outside the tobacco industry that the amount is likely to be ruled excessive by a state appeals or stat
Winston-Salem (NC) Journal
added Jul 20, 2014 10:20
26 Views

[Ireland, Florida] Reilly hails 'landmark' tobacco damages order

"It's a landmark decision in the US. According to lawyers for the plaintiff the tobacco companies are putting the lives of innocent people in jeopardy by not properly informing ...The Irish government is determined that we will introduce plain packaging
RTÉ Online [Radio Telefís Éireann] (ie)
added Jul 20, 2014 09:44
25 Views

[Florida] RJ Reynolds Vows to Fight $23.6B in Damages

"This verdict goes far beyond the realm of reasonableness and fairness, and is completely inconsistent with the evidence presented," Raborn, a company vice president and assistant general counsel, said in a statement. "We plan to file post-trial motions
AP - Associated Press
added Jul 20, 2014 09:41
23 Views

[Florida] Escambia Co. jury hits RJ Reynolds with $23B verdict

"I think the jury wanted to make a difference," trial attorney Willie Gary said. "All the cards were put on the table to show how the tobacco industry lied and failed to disclose information that could have saved lives, and that's what the jury ruled on
Pensacola (FL) News Journal
added Jul 20, 2014 09:37
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