Law360, New York (October 23, 2013, 7:33 PM EDT) -- Lorillard Tobacco Co. has paid $79 million to settle an individual cigarette liability case in Massachusetts that once exposed the Newport brand maker to one of the largest such verdicts on record, the company disclosed Wednesday.
In a securities filing, Lorillard said the payment secured the dismissal of all claims from the estate of Marie Evans, a longtime smoker who died of lung cancer at age 54, and her son. The announcement comes months after the Massachusetts Supreme Judicial Court vacated a jury’s $81 million punitive damages award in the case, while upholding the $35 million compensatory portion and statutory interest dating...
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