Jefferson City, MO – Missouri's state Senate has sent Governor Holden a measure that would limit amount of money companies named in tobacco lawsuits would have to put into a bond when appealing a verdict.
The legislation was prompted by an Illinois case, where Philip Morris was ordered to post a $12 billion appeal bond.
In Missouri, appeal bonds in tobacco litigation would be capped at $50 million.
Chicago, Ill. – Another high-profile Republican has withdrawn his name from consideration to run for the U.S. Senate next year.
Former Attorney General Jim Ryan, who was the GOP's unsuccessful nominee for governor last year, says he discussed a possible run with his wife but decided to continue practicing law and teaching instead.
Illinois Treasurer Judy Baar Topinka has also said she's not interested. So has former Governor Jim Edgar. Current Senator Peter Fitzgerald recently announced he would not seek reelection in 2004.