A jury Wednesday ordered Philip Morris to pay the widow of a longtime smoker who died of lung cancer $6.3 million in damages in a case that could blaze a legal trail for about 8,000 similar Florida lawsuits.
A Florida jury handed Scott Schlesinger every plaintiff lawyer’s dream earlier this month when it ordered R.J. Reynolds to pay his clients $37.5 million for the death of smoker Laura Grossman from lung cancer at the relatively young age of 38.
By Arie Goren:Cigarette makers are generally profitable and pay rich dividends. In this article, I tried to determine which of the six cigarettes manufacturers, traded in the U.S., is the most attractive for dividend-seeking investors.I consider that besides dividend yield, the consistency and the rate of raising dividend payments are the most important factors for dividend-seeking investors. Of course, it is also essential that a company has enough earnings growth prospects to maintain increasing dividend payments.
Bert Wilkison submits:
Star Scientific (CIGX) is perhaps best known as a company that develops low tobacco specific nitrosamines [TSNA] and licenses its tobacco curing technologies, which purportedly prevent the formation of cancer causing toxins present in tobacco and tobacco smoke.
CHICAGO (Reuters) - Cigarette makers Philip Morris International Inc and Reynolds American Inc posted higher-than-expected quarterly profits and raised their 2010 earnings forecast, showing the strength of the tobacco business even in a weak global economy.
R.J. Reynolds, Lorillard and others say a law that gives the U.S. Food and Drug Administration new authority over tobacco violates their right to free speech. The lawsuit doesn't challenge the decision to give the FDA more authority, but its restrictions on marketing.» E-Mail This » Add to Del.icio.us
While one Florida jury neared its decision that Philip Morris must pay a smoker's widow $8 million in damages, another panel was being selected in the same courtroom for the next tobacco case before the same judge.