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Last updated on April 17, 2014 at 17:30 EDT

Latest Altria Group Stories

2006-05-05 10:35:39

CHICAGO (Reuters) - The Illinois Supreme Court on Friday denied a petition to rehear a case in which it threw out a $10.1 billion verdict against Philip Morris USA, a court spokesman said. The initial $10.1 billion judgment in the class action case, in which the Altria Group Inc. unit was accused of defrauding consumers into thinking "light" cigarettes were safer than regular smokes, was handed down against Philip Morris by a trial court judge in March 2003. The court overturned the...

2006-03-28 14:21:20

By Joan Gralla NEW YORK (Reuters) - An arbitrator ruled that cigarette makers lost market share as a result of a settlement reached with U.S. states, boosting the chance of them reducing the $6.5 billion payment owed next month, according to a copy of the decision obtained by Reuters on Tuesday. However, U.S. states involved in the settlement have said they would fight in court if they lost. The states argue another requirement under the settlement was met because they collected...

2006-03-27 11:05:00

CHICAGO (Reuters) - The Illinois Supreme Court still has not decided whether it will rehear a case in which it threw out a $10.1 billion verdict against Philip Morris USA, a court spokeswoman said on Monday. The case, in which the Altria Group Inc. unit was accused of defrauding consumers into thinking "light" cigarettes were safer than regular smokes, had been on the court's rehearing docket for its March term. The court issued a comment on that docket Monday, disposing of another case, but...

2006-03-24 12:01:09

CHICAGO (Reuters) - The Illinois Supreme Court may announce on Monday whether it will rehear the appeal of a class action lawsuit against Philip Morris U.S.A. over the marketing of "light" cigarettes. The court reversed a $10.1 billion verdict against Philip Morris U.S.A. in December, ordering a lower court to dismiss the case. In the case, known as Price v. Philip Morris, the cigarette company was accused of defrauding customers into thinking "light" cigarettes were safer than...

2006-03-20 10:33:20

WASHINGTON (Reuters) - The U.S. Supreme Court declined to review on Monday a $50 million punitive damages award against Altria Group Inc.'s Philip Morris unit in the case of a longtime smoker who was diagnosed with lung cancer and then died. The lawsuit against the tobacco company had been filed in California state court by Richard Boeken, who said he smoked two packs of Marlboro cigarettes a day for decades. Diagnosed with lung cancer in 1999, he was 57 when he died in 2002.

2006-02-02 15:11:45

CHICAGO (Reuters) - The Oregon Supreme Court on Thursday affirmed a $79.5 million punitive damage jury verdict against cigarette maker Philip Morris USA in a lawsuit filed by the widow of a smoker. Philip Morris, a unit of Altria Group Inc., said it again plans to seek review of the case by the U.S. Supreme Court, which had previously set aside the damage award. The company contends that award of 152 times the compensatory judgment to the widow of smoker Jesse Williams is "grossly...

2006-01-26 15:30:00

CHICAGO (Reuters) - Cigarette maker Philip Morris USA on Thursday said it agreed to suspend shipments to customers that states find have illegally sold cigarettes over the Internet or by fax, mail or telephone. The unit of Altria Group Inc. reached the agreement with attorneys general in 33 states and other jurisdictions as a way of trying to curtail illegal sales of cigarettes over the Internet and through the mail. Opponents of these "remote" sales of cigarettes argue that they let...

2005-12-15 14:47:45

By Brad Dorfman CHICAGO (Reuters)- The Illinois Supreme Court on Thursday reversed a $10.1 billion verdict against Philip Morris USA, ordering a lower court to dismiss the case in which the company was accused of defrauding customers into thinking "light" cigarettes were safer than regular ones. The much-anticipated ruling sent shares of Philip Morris parent Altria Group Inc. up more than 4 percent to a new all-time high and could help clear the way for Altria to spin-off its Kraft...

2005-12-15 14:50:00

By Brad Dorfman CHICAGO (Reuters)- The Illinois Supreme Court on Thursday reversed a $10.1 billion verdict against Philip Morris USA, ordering a lower court to dismiss the case in which the company was accused of defrauding customers into thinking "light" cigarettes were safer than regular ones. The much-anticipated ruling sent shares of Philip Morris parent Altria Group Inc. up more than 4 percent to a new all-time high and could help clear the way for Altria to spin-off its Kraft Foods Inc....

2005-12-15 12:47:22

By Brad Dorfman CHICAGO (Reuters)- The Illinois Supreme Court on Thursday reversed a $10.1 billion verdict against Philip Morris USA, ordering a lower court to dismiss the case in which the company was accused of defrauding customers into thinking "light" cigarettes were safer than regular ones. The much-anticipated ruling sent shares of Philip Morris parent Altria Group Inc. up more than 4 percent to a new all-time high and could help clear the way for Altria to spin-off its Kraft...