Law firms like Orrick, Herrington & Sutcliffe and Sidley Austin Brown & Wood have smoked out a lot of cash helping state and local governments securitize their 1998 settlement with Big Tobacco. That's why they're breathing easier in the wake of an Illinois judge's decision to cut the size of a bond that Philip Morris has to pay to appeal a multibillion-dollar jury award against the company.
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Tobacco Decision Gives Bond Lawyers Breathing Room
The Recorder
April 15, 2003
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