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Stock Market & Financial Investment News

News Breaks
August 21, 2012
10:58 EDTPM, MONH Supreme Court rejects "lights" class certification against Philip Morris USA
The New Hampshire Supreme Court held that a trial court abused its discretion in certifying a class of smokers seeking refunds from Philip Morris USA for the “Lights” cigarettes they smoked. In denying class certification, the court ruled that “between 1976 and 1995, substantial information was available to consumers concerning the fact that light cigarettes are as harmful to smokers as regular cigarettes.” As a result, the New Hampshire Supreme Court held that, “the trial court unsustainably exercised its discretion when it ruled that issues related to individual class members’ injuries could be resolved by common evidence and that common issues would predominate.”
News For PM;MO From The Last 14 Days
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May 21, 2013
10:56 EDTMO, PMTobacco stocks lower after Minnesota proposes doubling cigarette tax
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10:32 EDTMO, PMMinnesota lawmakers pass cigarette tax hike, Pioneer Press reports
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09:06 EDTPMPhilip Morris to acquire remaining 20% interest in Mexican subsidiary
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May 16, 2013
12:01 EDTMOAltria Group affirms FY13 adjusted EPS view $2.35-$2.41, consensus $2.40
May 14, 2013
07:25 EDTPMGoldman to host a symposium
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