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Philip Morris Saved. (Policy & Practice).

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| May 15, 2003 | Perlstein, Steve | COPYRIGHT 2003 International Medical News Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PHILIP MORRIS SAVED An Illinois judge cut in half the bond that tobacco maker Philip Morris USA must deposit to appeal a $10.1 billion judgment that it deceived smokers into thinking "light" cigarettes were less harmful than regular ones. Now that its bond has been reduced to $6 billion, the company says it can make a scheduled $2.6 billion payment to 46 states under the 1998 Master Settlement Agreement. ...

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