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A jury found Philip Morris liable for negligence, strict liability and conspiracy, awarding her $6 million in compensatory damages and $8 million in punitive damages

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While no individual Engle case posed any significant financial risk to any of the three manufacturers, we do believe the elimination of the aggregate financial risk from all federal cases and the headline risk of any individual case will be viewed favorably by the market. "We are pleased to have these federal Engle cases behind us," said Ronald Milstein, Lorillard's executive vice president and general counsel

A lower rate generally indicates greater product consistency, reliability, and supplier responsiveness