In a big victory for the tobacco industry, the Florida Supreme Court on Thursday unanimously upheld the reversal of a $145 billion punitive damages verdict awarded to 700,000 ailing Florida smokers. The court also upheld the state's 3rd District Court of Appeal's decertification of the class. But anti-tobacco lawyers say the ruling creates favorable conditions for individual members of the class to go forward with suits against cigarette makers.
Reversal of $145 Billion Punitives Verdict for Fla. Smokers Upheld
Daily Business Review
July 7, 2006