Liability Risk and Insurance
Tobacco update
Punitive damages reduced to US$100mn to be appealed
by Philip Morris, despite reduction from original award of US$150mn. The original claim from the estate of Michelle Schwarz
(see
LRI
May 2002) had focused on misrepresentation of low-tar cigarette as ‘safer’ than others. The Oregon state court confirmed compensatory
damages at US$168,500.