Philip morris usa wins first engle trial held in federal court
Richmond, va.--(business wire)--a federal jury in duval county today decided in favor of philip morris usa and another tobacco company in the first federal engle case to go to trial. after deliberating for less than an hour, the jury determined that smoking was not the medical cause of the injury. this is the 12th win for the company in the last 17 engle trials. “this verdict demonstrates that philip morris usa is aggressive in defending itself and will assert all available defenses,” said murray garnick, altria client services senior vice president and associate general counsel, speaking on behalf of philip morris usa. “despite today’s decision and other recent wins, we believe that state and federal courts have put in place a trial system that fundamentally violates our due process because plaintiffs don’t have to prove their claims.” philip morris usa has won or mistried approximately two-thirds of its engle cases to go to trial since the beginning of 2011. today's verdict came in a trial of a so-called engle progeny case following a 2006 florida supreme court decision that decertified a class action but allowed former class action members to file individual lawsuits and rely on general findings from the first class action. prior to today’s trial, all engle trials have occurred in state courts. the case is gollihue v. r.j. reynolds tobacco company, et al. case number 3:09-cv-10530-rbd-jbt. the trial was held in the united states district court middle district of florida jacksonville division.
MO Ratings Summary
MO Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission