Vice Squad
Friday, April 01, 2005
That Big Federal Tobacco Suit

A couple weeks ago we passed along speculation that the federal suit against Big Tobacco, now bereft of the potential $280 billion jackpot, might be settled. The April 2 New York Times updates the various prongs of the case -- bits of it are being argued in two separate courts, with a third in waiting -- while indicating that the litigation costs alone make a strong argument for hasty resolution: "Barring a settlement, the [litigation] efforts - along with appeals almost certain to reach the Supreme Court - are expected to drag out for months, driving up litigation costs to hundreds of millions of dollars for each side."

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