Tuesday, February 20, 2007

Court Rejects Philip Morris' $79 Million Penalty

Bad news for all of the morons out there that think they should be paid for there own stupid decisions:

WASHINGTON -- Altria Group Inc.'s Philip Morris USA unit Tuesday won a U.S. Supreme Court challenge to a $79.5 million punitive-damages award made by an Oregon jury.

The high court voted 5-4 to overturn the jury verdict, ruling it violated earlier high court decisions on limits to punitive damages. The decision could further curb the size of product liability awards against companies beyond new limits the high court outlined in its 2003 State Farm ruling.

Good news however for those of us participating in the free market who don't want to pay higher prices because of people who were unable to notice that smoking made them cough up blood.