Posts tagged: Reynolds

Missouri hospitals lose lawsuit against U.S. tobacco companies

Tweet The amounts were for destitute and non-paying patients whom medical ethics mandate hospital to treat regardless of their ability to pay. Missouri hospitals lost in a lawsuit against U.S. tobacco firms after a St. Louis jury declared that the cigarette companies are not liable for money spent on people with smoking-related ailments on Friday. The 40 Missouri hospitals claimed in their 1998 lawsuit that Philip Morris unit of Altria Group, the ... Jump to full article >>

Longtime smoker from Daytona wins $300,000 in suit against R.J. Reynolds

Tweet A 77-year-old Daytona Beach woman has won $300,000 in what likely is the first verdict against a tobacco company in Central Florida out of thousands of suits filed statewide by ailing, longtime smokers. A Volusia jury has decided that R.J. Reynolds Tobacco Company is partly liable for the lung cancer suffered by Stella Koballa. A circuit judge will review the verdict at a future court hearing. “We’re happy with the result and we ... Jump to full article >>

Jury: Tobacco firm only partly to blame for woman’s illness

Tweet DELAND — A jury deliberated for nearly five hours today before finding a tobacco company was only partly responsible for a woman’s lung cancer. The jury of six, one of them a smoker, found Stella Koballa, 77, of Daytona Beach was herself 70 percent responsible for the pain, suffering and other damages she endured after she was diagnosed with lung cancer in 1996. The jury found Koballa suffered $1 million in damages from her add ... Jump to full article >>

Big Tobacco trying to deceive us, again

Tweet Florida consumers send more than $3.7 billion annually to tobacco giants in Richmond, Va., and Winston-Salem, N.C., and a few other states. These major tobacco companies control more than 80 percent of the market in Florida and the nation. Phillip Morris/Altria and RJ Reynolds manufacture marlboro cigarettes sale, Camel and other top brands at enormous factories employing thousands of workers in states other than Florida. Four of the bigges ... Jump to full article >>

Defense Verdict in Oliva Tobacco Trial

Tweet In his closing argument, Adam Trop reminded the jury that Allen Oliva was a pack-a-day smoker for 35 years, so there was little question that he was addicted to smoking. The addiction had to be a legal cause of Mr. Oliva’s COPD, said Mr. Trop. “Nobody smokes that much without being addicted, and nobody gets the disease without smoking that much. It’s really common sense.” For R.J. Reynolds, Jones Day’s Mark Be ... Jump to full article >>

1st set of local tobacco trials set to begin

Tweet DELAND — The case to decide the first of more than 130 local cigarette smoker lawsuits will begin — for the second time — this week. The first trial in Koballa v. R.J. Reynolds Tobacco Co. ended in a mistrial in October after jurors said they couldn’t agree on the word addiction, which was required to determine whether the company should be held liable for Stella Koballa’s smoking-related illness. Attorneys rep ... Jump to full article >>

Reynolds American increases target on dividend payout to further enhance shareholder value

Tweet Reynolds American Inc. today raised its dividend payout target to 80 percent of net income, up from 75 percent. It is the first overall increase in the payout target since R.J. Reynolds Tobacco Holdings Inc. completed its $4.4 billion purchase of Brown & Williamson Tobacco Co. in August 2004. Analysts said that Reynolds’ action is likely an attempt to solidify current investors’ interest as cigarette shipment volumes continue to sl ... Jump to full article >>

Snus-maker Swedish Match hits Wall Street

Tweet Swedish Match North America marketers started in Vail. Now they are handing out silvery sample packs of snus, a traditional Swedish-style snuff, on Wall Street. It’s the clearest sign yet that the Chesterfield County-based company has a different strategy for snus than that of the nation’s top two tobacco firms, which also are pushing the smokeless tobacco. One element: The company is selling snus as a high-end product. “W ... Jump to full article >>