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Fed. Judge Briefly Delays Tobacco Industry Racketeering Trial [08/18-3]

Excerpts from: US judge briefly delays tobacco racketeering trial

Yahoo Finance [08/17/04]

The U.S. judge overseeing the racketeering case against major tobacco companies has delayed the Sept. 13 trial for eight days because of a conflicting criminal case, according to an order released on Tuesday.

The U.S. Justice Department has been pursuing charges against a group of tobacco companies, accusing them of deliberately misleading the public about the risks of smoking in a conspiracy going back to the 1950s. The government is seeking $280 billion in redress.

"Because a previously scheduled criminal trial will run longer than originally anticipated, it is hereby ordered that the trial date will be Sept. 21," U.S. District Judge Gladys Kessler said in an order signed on Monday.

Targeted in the lawsuit are Altria Group Inc. and its Philip Morris USA unit; Loews Corp.'s Lorillard Tobacco unit, which has a tracking stock, Carolina Group ; Vector Group Ltd.'s Liggett Group; and R.J. Reynolds Tobacco. A new parent company, Reynolds American Inc., was formed on July 30 after British American Tobacco Plc and R.J. Reynolds Tobacco Holdings combined their U.S. tobacco operations.

The companies have denied any wrongdoing.

 




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