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Fla. court upholds $28M award in smoker lawsuit
Topics in Legal News | 2010/12/13 23:31

A Florida court has upheld a $28.3 million verdict against R.J. Reynolds Tobacco Co. in a lawsuit filed by the family of a deceased smoker.

The 1st District Court of Appeal's ruling Tuesday marked the first decision on an appeal in thousands of smoker lawsuits being tried across the state. The court sided with the family of Pensacola smoker Benny Martin, who died of lung cancer in 1995.

The appeals judges disagreed with the tobacco company's claims that damages were excessive.

About 8,000 similar lawsuits are being tried individually after the state Supreme Court in 2006 threw out a $145 billion class-action damage award for smokers. That decision also concluded that cigarette makers knowingly sold dangerous and defective products.




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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
 
 
 

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