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New York-based Dewey Ballantine was so eager to sue U.S. tobacco companies in 1998, that, when Blue Cross insurers wanted to recover health care costs from cigarette makers, the firm agreed to cap its hourly bills sharply in exchange for a cut of any damage awards. Now, people familiar with the arrangement say revenues to date remain far below what the firm's usual rates would have delivered.
August 21, 2001 at 12:00 AM
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