Philip Morris Ruling a Blow to Punitive Awards

The nation's high court has thrown out an $80 million judgment against tobacco giant Philip Morris. Tuesday, ruling in an Oregon case, the U.S. Supreme Court said Philip Morris can't be punished for harm suffered by consumers who are not party to a lawsuit. The 5-4 ruling is a boost for corporations seeking relief from big punitive damage awards. But justices refused to impose a formula limiting damages in the future.

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