Thursday, July 06, 2006

ADAM SMITH WOULD BE HAPPY WITH THIS COURT CASE

July 06, 2006 11:19 AM ET
Fla. High Court Rejects Tobacco Verdict

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TALLAHASSEE, Fla. (AP) - The Florida Supreme Court on Thursday rejected a $145 billion verdict against tobacco companies for injuring smokers. It had been the largest such award ever by an American jury.
The justices approved an appellate court ruling that it had been a mistake to certify a class-action lawsuit representing an estimated 300,000 to 700,000 ill Floridians that resulted in the huge jury award for punitive damages in 2000
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