Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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

© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ALTRIA GROUP
06/13 ALTRIA GROUP INC : ex-dividend day
06/06 ALTRIA : Gilman Hill Asset Management LLC Has $494,000 Position in Altria Group ..
06/01 ALTRIA : Statement on FDA's Filing of Philip Morris International's Modified Ris..
05/25 ALTRIA : Statement on FDA’s Filing of Philip Morris International’s ..
05/19 CEO : 'Outstanding year' for Altria Altria Group CEO touts 'outstanding year' fo..
05/18 ALTRIA GROUP, INC. (NYSE : MO) Files An 8-K Submission of Matters to a Vote of S..
05/18 ALTRIA GROUP, INC. : Submission of Matters to a Vote of Security Holders, Regula..
05/18 ALTRIA : Holds 2017 Annual Meeting of Shareholders; Board of Directors Declares ..
05/11 ALTRIA : to Host Webcast of 2017 Annual Meeting of Shareholders
05/10 INSIDER TRADING ACTIVITY ALTRIA GROU : MO) – Director Sold 4,285 shares of..
More news
Sector news : Cigars & Cigarette Manufacturing
06/15 TOYOTA MOTOR : New U.S. funds would mimic ADRs but cut currency risk - filing
06/14DJBRITISH AMERICAN TOBACCO : BATs Trading to Date in Line; Sees Earnings Boost fro..
06/13 FTSE held back by sterling bounce as tech stocks recover
05/30 British American Tobacco to expand 'glo' smokeless tobacco sales in Japan fro..
05/26DJITC : India's ITC Net Profit Rose 12% in Latest Quarter
More sector news : Cigars & Cigarette Manufacturing
News from SeekingAlpha
01:39a Altria Is More Expensive Than You Think
06/22 I Bought The 7.65% Yield But Only Fools Are Buying The 8.16% Yield
06/22 8.76% Dividend Yield Whoops Brothers 8.61%
06/22 HP INC. : Income And Total Return Play With Projected Growth
06/21 7.95% Dividend Yield Gets Whooped By Its 8.15% Sister
Financials ($)
Sales 2017 19 796 M
EBIT 2017 9 796 M
Net income 2017 6 357 M
Debt 2017 8 899 M
Yield 2017 3,37%
P/E ratio 2017 23,16
P/E ratio 2018 21,35
EV / Sales 2017 7,91x
EV / Sales 2018 7,76x
Capitalization 147 732 M
More Financials
Duration : Period :
Altria Group Technical Analysis Chart | MO | US02209S1033 | 4-Traders
Full-screen chart
Technical analysis trends ALTRIA GROUP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 74,3 $
Spread / Average Target -2,8%
Consensus details
EPS Revisions
More Estimates Revisions
Martin J. Barrington Chairman, President & Chief Executive Officer
Howard A. Willard Chief Operating Officer
William F. Gifford Chief Financial Officer
James E. Dillard Chief Innovations Officer & SVP-Regulatory Affairs
George Muñoz Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ALTRIA GROUP13.10%147 732
ITC LTD28.43%58 594
KT&G CORP--.--%14 104
More Results