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Verdict Against Philip Morris Could Hurt States

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Verdict Against Philip Morris Could Hurt States

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Verdict Against Philip Morris Could Hurt States

Verdict Against Philip Morris Could Hurt States

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  • <iframe src="https://www.npr.org/player/embed/1218233/1218234" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Philip Morris says it can't pay the $12 billion bond required by an Illinois court to appeal a lower court's $10.1 billion verdict in a class-action lawsuit. States, expecting a collective $2.6 billion from the tobacco giant later this month as part of a 1998 settlement, worry the company will default on paying the states their money. Hear NPR's Debbie Elliott.