Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Altria Group Inc    MO

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

ALTRIA GROUP : Palm Beach County Jury Finds for Philip Morris USA in an Engle Trial

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/20/2011 | 01:50am CEST

A Palm Beach County jury today decided in favor of Philip Morris USA and other tobacco companies in an Engle case (Weingart). The decision today marks the eighth win for the company in the last 12 Engle cases to go to trial.

In this case, the jury rejected all but one of the plaintiff's claims. On that claim, the jury found plaintiff 91% at fault and declined to award any damages.

"We believe that the jury appropriately rejected awarding the plaintiff any damages," said Murray Garnick, Altria Client Services senior vice president and associate general counsel, speaking on behalf of Philip Morris USA. "We continue to believe that the trial courts are violating Florida law and due process in these cases by allowing the plaintiffs to rely on general findings from a previous jury with no connection to the specific circumstances of these cases."

"Although the jury refused to award any damages, the due process violation is directly responsible for the single claim that the jury found in favor of the plaintiff," Garnick added. "As with each Engle trial, Philip Morris USA continues to vigorously defend itself."

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.

Today's decision came in Weingart v. RJ Reynolds et al.

ALCS Media Relations
804-484-8897


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALTRIA GROUP INC
04/18 ALTRIA : to Host Webcast of 2017 First-Quarter Results
04/05 PHILIP MORRIS INTERNATIONAL : Big Tobacco Seeking FDA Premarket Approval for Iqo..
03/31 ALTRIA : Statement on Philip Morris International's Premarket Tobacco Product Ap..
03/31 ALTRIA : Philip Morris asks for U.S. FDA nod to sell heated tobacco device
03/21 ALTRIA : Smokeless Tobacco Market 2017 - Mac Baren, Altria Group, R.J. Reynolds,..
03/13 ALTRIA GROUP INC : ex-dividend day
03/02 ALTRIA GROUP, INC. (NYSE : MO) Files An 8-K Departure of Directors or Certain Of..
03/02 ALTRIA GROUP, INC. : Change in Directors or Principal Officers (form 8-K)
03/02 ALTRIA : Director Thomas W. Jones Announces Decision to Retire from Board of Dir..
03/01 ALTRIA : Declares Regular Quarterly Dividend of $0.61 per Common Share
More news
Sector news : Cigars & Cigarette Manufacturing
04/26DJBRITISH AMERICAN TOBACCO : BATs Plans to Declare Quarterly Dividends from 2018
04/21DJFinancial, Industrial Sectors Boost Stocks -- WSJ
04/12 UK Supreme Court denies Big Tobacco appeal, plain packaging to go ahead
04/04 UK investor LGIM highlights governance issues at Sports Direct
03/31 ALTRIA : Philip Morris asks for U.S. FDA nod to sell heated tobacco device
More sector news : Cigars & Cigarette Manufacturing
News from SeekingAlpha
04/27 My Dividend Growth Portfolio - Q1 2017 Summary
04/26 If You Could Buy Altria For $42.23 A Share, Today, Would You?
04/26 WALL STREET BREAKFAST : Tax Day Comes Round Again
04/26 A victory for the vaping industry?
04/25 No Thank You, Philip Morris International
Advertisement
Financials ($)
Sales 2017 19 784 M
EBIT 2017 9 719 M
Net income 2017 6 269 M
Debt 2017 10 278 M
Yield 2017 3,63%
P/E ratio 2017 21,96
P/E ratio 2018 20,15
EV / Sales 2017 7,52x
EV / Sales 2018 7,37x
Capitalization 138 423 M
More Financials
Chart ALTRIA GROUP INC
Duration : Period :
Altria Group Inc Technical Analysis Chart | MO | US02209S1033 | 4-Traders
Full-screen chart
Technical analysis trends ALTRIA GROUP INC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 73,2 $
Spread / Average Target 2,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Martin J. Barrington Chairman, President & Chief Executive Officer
Howard A. Willard Chief Operating Officer & Executive Vice President
William F. Gifford Chief Financial Officer
James E. Dillard Chief Innovations Officer & SVP-Regulatory Affairs
Thomas Wade Jones Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ALTRIA GROUP INC5.75%138 423
JAPAN TOBACCO INC-2.16%68 219
ITC LTD20.89%55 118
HANJAYA MANDALA SAMPOE..--.--%33 936
KT&G CORP--.--%12 697
GUDANG GARAM TBK PT--.--%9 517
More Results