Appeals Court Nixes Philip Morris Punitive Damages

Law360, New York (July 23, 2008, 12:00 AM EDT) -- A New York state appellate court has ruled that New York residents cannot sue tobacco companies for punitive damages because the state is a party to a $248 billion master settlement agreement with the companies.

In a unanimous decision, a four judge panel of the New York State Supreme Court Appellate Division's First Department overturned a lower court's decision in favor of the estate and husband of a woman who died of lung cancer in a punitive damages case against tobacco companies.

That master settlement agreement...
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