Bankrupty cures smoking ?

  1. 10,543 Posts.
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    How many of these sorts of judgements can the smoking industry sustain ?

    Yes certainly the judgement will be appealed and almost certainly reduced but it was a jury verdict of guilty nonetheless.

    Presumeably it will be paid by the insurer.

    Anyone still got cigarette company shares .....?

    This from todays AFR

    Damages of $51bn has Philip Morris smoking

    After deliberating for just under two days, a Los Angeles jury awarded $US28 billion ($51 billion) in punitive damages to a 64-year-old woman dying of cancer in a lawsuit brought against tobacco giant Philip Morris.
 
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