Legal rulings hit tobacco firms



The tobacco industry endured a month to forget in May as it lost four legal rulings. As a result headline risk on the industry soared to highs not seen over the past six to eight months.

The most surprising decision came when US District Judge Gladys Kessler denied a request by US tobacco firms to block the Department of Justice (DoJ) from collecting $289 billion in illegal profits. The US government claims that the cigarette manufacturers violated the 1970 Racketeer-Influenced and Corrupt Or

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: