Supreme Court Lets Stand Tobacco Firm’s $80 Million Punitive Damages
The top court did not decide the merits of the dispute, but in a one-sentence ruling said the appeal was dismissed as “improvidently granted.” Philip Morris in its appeal had argued that the Oregon Supreme Court in upholding the award had defied an earlier U.S. Supreme Court ruling in the case.
(Reporting by James Vicini, Editing by Gerald E. McCormick)
Copyright 2024 Reuters. Click for restrictions.
Popular Today
- The Rise of US Battery Energy Storage Systems and The Insurance Implications
- PE Firm Cornell Sued Over $345 Million Instant Brands Dividend
- US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
- Allstate Thinking Outside the Cubicle With Flexible Workspaces
Popular This Month