Howard Engle News
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The Florida Supreme Court reaffirmed its 2006 “Engle” ruling that made it easier for thousands of smokers to sue tobacco companies for smoking- related illnesses.
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Altria Group Inc. ’s Philip Morris USA unit and other U.S. cigarette makers lost an appeal affecting about 4,000 Florida smoker suits in federal court.
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Florida’s Supreme Court declined to hear R.J. Reynolds Tobacco Co.’s appeal of a $28.3 million verdict in a case that the cigarette maker argued may affect thousands of so-called Engle tobacco claims in the state.
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Altria Group Inc.’s Philip Morris USA won reversal of a $2 million Florida jury award in a wrongful-death case filed by the widower of a smoker who died of lung cancer.
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Mattel Inc. has won dismissal of an antitrust lawsuit by MGA Entertainment Inc., the toymaker that sought $1 billion in damages alleging Mattel violated antitrust laws in a dispute over Bratz dolls.
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Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.
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A Florida jury ruled that R.J. Reynolds Tobacco Co., the second-biggest U.S. cigarette maker, should pay $30 million to a woman whose husband died of lung cancer after years of smoking, according to a lawyer.
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U.S. cigarette makers led by Philip Morris USA and R.J. Reynolds Tobacco Co. have been on the losing end of recent Florida state court trials, where smokers and their families have won 14 of 15 verdicts and more than $200 million in damages over the past year.
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John Kinnucan, the Broadband Research LLC founder who said he refused to secretly record a money manager in a U.S. probe of insider trading, was arrested in Portland, Oregon, the FBI said.
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Altria Group Inc.’s Philip Morris USA and R.J. Reynolds Tobacco Co. won a defense verdict in a wrongful-death case filed by the widow of a smoker who died of lung cancer, Altria said.
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