Big Tobacco: Sometimes Crime Does Pay

Posted by John Carney, Aug 18, 2006, 12:59pm

smokinghot.jpg

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]

1Recommend this! 1Comments
Posted in: Altria

Comments

Posted by Greedy Trial Lawyer, Aug 20, 2006 2:44AM

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

Post Your Comment