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Shares of Altria Group jumped more than 3% after what was widely seen as a favorable federal court ruling that increased the likelihood that the big tobacco company would break up, and spin off its majority stake in Kraft Foods.

If this is what losing a racketeering case feels like, we cannot even imagine what would have happened if the tabacco companies had actually won. Well, smoke ‘em if you got ‘em.

Altria, Tobacco Firms Rally
[Wall Street Journal]

Comments (1)

  1. Posted by Greedy Trial Lawyer | August 20, 2006 at 2:44 AM

    Racketeering can be a thing of beauty to the eyes of litigators, too.

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