Philip Morris
RJR Nabisco Holdings Corp.
Fields
- Area
- WOODWARD,ELLIS/OFFICE
- Attachment
- 2047002132/2047002168
- Type
- REPT, REPORT, OTHER
- BUDG, BUDGET, BUDGET REVIEW
- CHAR, CHART, GRAPH, TABLE, MAPS
- PHOT, PHOTOGRAPH
- BUDG, BUDGET, BUDGET REVIEW
- Site
- N622
- Named Person
- Black, G.
- Broin
- Burns, A.
- Castano
- Chakalian, R.
- Engle
- Frome, R.
- Fulford, R.
- Granier
- Hanson, D.
- Lacey
- Lampen, R.
- Lebow, B.
- Ridings, B.
- Stanley, M.
- Starbuck, W.
- Strauss, P.
- Uydess, I.
- Wigand, J.
- Zuckerman, F.
- Broin
- Request
- Stmn/R1-016
- Recipient (Organization)
- Board of Directors
- Document File
- 2047002122/2047002199/Lebow - Liggett
- Litigation
- Stmn/Produced
- Author (Organization)
- Brooke Group
- Named Organization
- Amer, American Tobacco
- Bat, British American Tobacco
- Board of Directors
- Brooke Group
- Bw, Brown & Williamson
- Calpers
- Chrysler
- Ebita
- Everready Batteries
- FDA, Food and Drug Administration
- Gallaher
- Hanson Plc
- Ibm
- Imperial Tobacco
- It
- Itt
- Lm, Liggett & Myers
- Loews
- London Brick
- Lor, Lorillard
- Management Board
- Nabisco
- New Valley
- Nyu
- Olshan Grundman
- RJR Intl
- RJR Nabisco
- RJR, R.J.Reynolds
- Rjrn
- Shareholder Board
- Texaco
- Tobacco
- United Gas Industries
- Ust
- Alex Brown
- Bat, British American Tobacco
- Master ID
- 2047002132/2168
Related Documents: - Date Loaded
- 05 Jun 1998
- UCSF Legacy ID
- zxn65e00
Document Images
2Q47002133
RJR NABISCO HOLDINGS CORP.
Proxy Solicitation
for the Board of Directors
by Brooke Group Ltd.
2047002134
SPINOFF - IT'S Now OR NEVER FOR NABISCO! !!
If you want a Nabisco shinof'f now, this is your only chance
IIONVEVER...
If you really believe the tobacco companies will win every case against them for the next 25 years
If you really believe the 601aw firms representing the nationwide Castano class will go away
If you really believe none of the 5 grand juries investigating tobacco will issue any indictments
If you really believe all the state Attorneys General trying Medicaid cases will lose interest
If you really believe the FDA will say it's OK to market tobacco to children If yocc really believe
no more Philip Morris or other whistleblowers will come forward
If you really believe their testimony will make no difference in any of these cases
If you really believe RJR Nabisco's current Board will spin off Nabisco any time soon
...THEN MAYBE THE BROOKE PROGRAM IS NOT FOR YOU
I
2047002135
THE BR0OKE GROUP PROGRAM
2047002136
SPINOFF - IT'S Now OR NEVER FOR NABISCO!!!
IMMEDIATE SPINOFF OF NABISCO
PERIOD!
2047002137
SPINOFF - IT'S Now OR NEVER FOR NABISCO!!!
IMMEDIA TE SPINOFF OF NABISCO
Attorney Generals and Castano plaintiffs have agreed not to seek injunctions
Eliminated risk, if there was any
Only Castano and the Medicaid suites are of sufficient size to have
possibly risked a fraudulent conveyance injunction (which in any case we
do not believe was likely)
Nabisco could be spun off in six to eight weeks
At stock prices on March 19, 1996, shareholders would receive $21.50 of
Nabisco stock
We believe Nabisco will be worth more than $25.00 per RJRN share post
spinoff
4
2047002138
SPINOFF - IT'S Now OR NEVER FOR NABi5co!!!
ML,RGIJI? WITH LIGGETT NOT REQUIRED
I f'a mejger is proposed, a subsequent independent
shareholder vote is jequij-ed
2047002139
LITIGATION ISSUES AND SETTLEMENT
2047002140
LITIGATION ISSUES
Overview of Litigation Environment
Estimated
# of Cases(l )
~ Class action cases
- Ca
t
(
ddi
ti
s
ano
a
c
on): 50,000
000
- Engle (Florida/addiction/personal injury): ,
3,000
000
- Broin (flight attendants): ,
60
000
- Lace
(Al
b
/
dditi
/
t
ifi
d ,
y
a
ama
a
ves
no
cert
e
): 300
000
,
ani
- G
(L
i
i
/
ddi
ti
/
ifi
d
r
er
ou
s
ana
a
c
on
not cert
e
): 700,000
~ State Medicaid reimbursement clainis
- Six states filed (FL, LA, MA, MN, MS, WV) 4,500,000
~ Personal injury cases
40
ears of suc
f
l d
f
i
800
y
cess
u
e
ense
n over
cases 140
- Freedom to choose defense
(1) Based on media reports.
204'7002141
LITIGATION ISSUES
NICOTINE ADDICTION BASED CLAIMS
""1'h
t d
"
Bl
G
k
e nios
angerous game
(
ary
ac
)
New information being released constantly, disclosing alleged nicotine and
addiction relationships known by industry
Whistle Blowers
-- Ian Uydess (Philip Morris) and Jeffrey Wigand (BAT)
- Others to come...including, possibly, RJR employees?
CriininalIndictments?
2047002142
LITIGATION SETTLEMENT
Overview of Litimation Environment
Estimated
# of Cases
~ Class action cases
- Castano (addiction-related): 50,000,000 Settled
- Engle (Florida/addiction/personal injury): 3,000,000 Covered
- Broin (flight attendants): 60,000 Nominal risk
- Lacey (Alabama/additives/not certified): 300,000 Nominal risk
- Granier (Louisiana/addiction/not certified): 700,000 Stayed
~ State Medicaid reimbursel11e11t clalllls
- Six states filed (FL, LA, MA, MN, MS, WV) 4,500,000 Five settled
~ Personal injury cases
- 40 years of successful defense in over 800 cases 140 Nominal risk
- Freedom to choose defense
- Addiction no longer a cause Settled
Over 95~I-~ Settled
.9
