R.J. Reynolds Tobacco Company Will Seek Further Review of Government Lawsuit
May 22 2009 - 3:02PM
PR Newswire (US)
WINSTON-SALEM, N.C., May 22 /PRNewswire-FirstCall/ -- R.J. Reynolds
Tobacco Company is disappointed that the U.S. Court of Appeals for
the District of Columbia affirmed many of the findings of the
district court in the lawsuit United States v. Philip Morris et al,
particularly the finding that cigarette manufacturers violated
federal racketeering laws. "R.J. Reynolds strongly believes that
neither the evidence presented at trial nor the legal standards
justify a finding of liability," said Martin L. Holton III, senior
vice president and general counsel for R.J. Reynolds. "R.J.
Reynolds is pleased, however, that the Court of Appeals reaffirmed
that the disgorgement of profits is not an available remedy in this
case," Holton adds. "We are also pleased that the Court of Appeals
affirmed the district court's decision not to require several of
the remedies sought by the government, and ruled that some of the
remedies the district court ordered were too broad." R.J. Reynolds
is considering its options including seeking review by the U.S.
Supreme Court. R.J. Reynolds Tobacco Company, an indirect
subsidiary of Reynolds American Inc. (NYSE:RAI), is the
second-largest tobacco company in the United States, manufacturing
about one of every three cigarettes sold in the country. The
company's brands include five of the 10 best-selling U.S. cigarette
brands: Camel, Pall Mall, Kool, Winston, and Doral. For more
information, visit http://www.rjrt.com/. DATASOURCE: R.J. Reynolds
Tobacco Company CONTACT: David Howard of R.J. Reynolds Tobacco
Company, +1-336-741-3489 Web Site: http://www.rjrt.com/
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