“My initial reaction is no, it will not bankrupt the companies. Florida passed a law that if companies have to post a bond to pay huge punitive damages, its capped. But that law has not been tested.”
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“I attribute it to innovative marketing, rebellion by the people, you tell them not to smoke theyre going to do it anyway, and a faster resilience by the industry.”
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“The volume was stronger than we were looking for.”
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“As governor, Bush took a stand to limit liabilities imposed in lawsuits against gun manufacturers, HMOs and other businesses. Because tobacco is also a legal product, we believe Bush would support similar limits on cash damages awarded to plaintiffs in lawsuits filed against tobacco companies.”
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“We continue to expect Heinz to divest non-core assets, to generate strong cash flow, to deliver improving margins and eventually to sell or partner the business.”
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