Companies: Big Tobacco Faces Claim From U.S. For $289 Billion

"The U.S. seeks disgorgement of approximately $289 billion in proceeds the defendants unlawfully obtained during the period 1971 to 2001 from approximately 33 million youth-addicted smokers," according to the government filing. It defines youth-addicted smokers as those who were smoking mo...

Full description

Saved in:
Bibliographic Details
Published inWall Street journal. Europe
Main Author By John R. Wilke and Vanessa O'Connell
Format Newspaper Article
LanguageEnglish
Published Brussels Dow Jones & Company Inc 19.03.2003
EditionEurope
Subjects
Racketeering
Smoking
State court decisions
Tobacco
Online AccessGet full text

Cover

More Information
Summary:"The U.S. seeks disgorgement of approximately $289 billion in proceeds the defendants unlawfully obtained during the period 1971 to 2001 from approximately 33 million youth-addicted smokers," according to the government filing. It defines youth-addicted smokers as those who were smoking more than five cigarettes a day when they turned age 21, "a predictor of continued smoking and nicotine dependence," according to the proposed findings filed with the court.
ISSN:0921-9986