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Will Big Oil Suffer the Same Fate as Big Tobacco?
Wisco | September 26, 2006 at 07:24 amby
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Bad news for big tobacco.
Reynolds Tobacco Company said Monday it will appeal a federal judge's
decision to grant class action status to tens of millions of "light
cigarette" smokers for a potential $200 billion lawsuit against tobacco
RJR said it will ask the 2nd U.S. Circuit Court of
Appeals for a stay of all proceedings in the case pending an appellate
U.S. District Judge Jack Weinstein in Brooklyn made the
ruling on a 2004 lawsuit that alleges Philip Morris, R.J. Reynolds
Tobacco, Lorillard Tobacco and other defendants duped smokers.