Three tobacco companies ordered to pay $145 billion to sick Florida smokers agreed Monday to pay $710 million, regardless of the outcome on appeal. The guarantee is the industry's first major financial commitment directly to smokers in nearly four decades of litigation. Philip Morris, Lorillard and Liggett opted for the agreement to avert challenges to a new Florida law that places a $500 million cap on appeal bonds.
May 07, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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