Judge Cites Progress in Philip Morris Bond Talks
Edwardsville, Illinois – Negotiations are expected to resume Monday
over a $12 billion appeal bond that cigarette-maker Philip Morris has been ordered to pay.
A judge says progress was made today during negotiations.
Lawyers for Philip Morris and plaintiffs in a class-action lawsuit met for two hours behind closed doors at Madison County
A spokeswoman for plaintiffs' attorney Stephen Tillery says talks will resume at 9 am Monday.
Judge Nicholas Byron has ordered both sides to compromise on the bond Philip Morris must pay before appealing the judgment.
Talks have ended for today.
Byron last month ordered the company to pay $10.1 billion for misleading smokers into believing light cigarettes were less harmful than regular brands.