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4-Traders Homepage  >  Equities  >  Nyse  >  Reynolds American, Inc.    RAI

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The Briefcase The Briefcase: Reynolds requests stay of Conn. legal ruling

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09/09/2017 | 09:41am CEST

Reynolds requests stay

of Conn. legal ruling

R.J. Reynolds Tobacco Co. filed Tuesday a stay of motion request for a federal judgment in favor of a Connecticut woman who claimed she got laryngeal cancer from smoking Salem Kings for 25 years.

A three-judge panel for the Second Circuit Court sent the case back July 7 to the trial court for further consideration of whether to increase punitive damages. On Aug. 30, the full appeals court declined to hear the appeal.

In March 2011, the trial court determined a $28.1 million judgment against Reynolds that included $15.8 million in judgment interest. The jury found plaintiff Barbara Izzarelli was at fault for 42 percent of her illness, which reduced Reynolds' liability to $7.98 million in compensatory damages and $3.97 million in punitive damages.

Izzarelli said she began smoking Salem Kings at age 12. She had her larynx removed at 36.

Izzarelli sued under the Connecticut Products Liability Act, saying the Salem Kings cigarettes were defectively designed.

Richard Craver

Gabe's discount store

to open today

The former Rugged Warehouse store in Kernersville will reopen Saturday as a Gabe's discount store at 930 S. Main St.

Gabe's owns the Rugged Warehouse brand. It closed the Kernersville store in June for expansion and remodeling.

Besides apparel, Gabe's sells accessories, footwear, cosmetics, beauty supplies, home décor, infant and toddler, pet supplies, toys and electronics. It has 65 stores in 12 states, including in Winston-Salem and Greensboro.

Richard Craver

Assisted-living group plans S.C. entrance

Ridge Care Senior Living, a Kernersville-based provider of assisted-living and memory-care services, has entered South Carolina with its Arbor Landing at Pawleys senior living community.

The group, founded in 2000, provides personalized support for more than 850 residents in 13 independent living, assisted-living and memory-care communities in North Carolina and West Virginia. The Pawleys center will contain 60 assisted-living and 40 memory-care units. The group plans to hire up to 70 employees for the center, expanding its overall workforce to nearly 1,100.

Richard Craver

Cone debuts neurosurgical operating rooms

Cone Health opened this week four neurosurgical operating rooms dedicated to spine and brain treatments.

The operating rooms are part of a $10 million capital investment into the neurosciences program at Cone Memorial Hospital in Greensboro.

Richard Craver

© © Copyright 2017, Winston-Salem Journal, Winston-Salem, NC, source Newspapers

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Technical analysis trends REYNOLDS AMERICAN, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Managers
NameTitle
Debra Ann Crew President, Chief Executive Officer & Director
McDara P. Folan Secretary, Director, SVP & General Counsel
Martin L. Holton Director & Executive Vice President
John Brice O'Brien Chief Communications Officer & EVP-Public Affairs
Lisa J. Caldwell Chief Human Resources Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
REYNOLDS AMERICAN, INC.0.00%0
PHILIP MORRIS INTERNATIONAL23.98%175 386
BRITISH AMERICAN TOBACCO-1.22%142 213
IMPERIAL BRANDS-9.26%41 518
SWEDISH MATCH-1.97%6 406
ESSENTRA10.63%1 822