No smoke without fire

Tobacco Litigation

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Sentiment towards the tobacco giants was summed up last month when New York mayor Michael Bloomberg decided to blanket the city’s bars and restaurants with a ‘No Smoking!’ sign. Cutting back on smokers in public places is a disappointment to the cigarette manufacturers, but back in Marlboro country a greater threat is rearing its ugly head again – litigation.

The fortunes of Philip Morris USA, a subsidiary of Altria (formerly Philip Morris Companies) and the tobacco company most expose