An economist testified Tuesday that R.J. Reynolds appeared to lowball its net worth in documents produced at the trial of a woman dying of lung cancer. Robert Johnson told the San Francisco Superior Court jury that documents filed by the company with the Securities and Exchange Commission claimed a higher net worth. The testimony came a day after the same jury awarded $1.7 million in compensatory damages to Leslie Whiteley and her husband.
March 22, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A forensic economist testified Tuesday that R.J. Reynolds Tobacco Co. appeared to lowball its net worth in documents produced at the trial of a woman dying of lung cancer that a jury found was caused by cigarette smoking.
Economist Robert Johnson told the seven-man, five-woman San Francisco Superior Court jury that in an unaudited financial statement R.J. Reynolds claimed its net worth for 1999 was $5.3 billion.
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