Philip Morris
Transcript Business Day
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- 2077409565/9739
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- Site
- N922
- Litigation
- Mile/Produced
- Author (Organization)
- Video Monitoring Services of America
- Named Person
- Barrett, K.
- Clinton
- Dole, R.
- Klapper, M.
- Levine
- Miller, H.
- Rogers, R.
- Rogers, Y.
- Varney
- Varney, S.
- Clinton
- Area
- PURCELL,CLARE/CARLSTADT
- Named Organization
- Business Day
- Clark Gagliardi
- Cnn
- Cnn Financial News
- Video Monitoring Services of America
- Wall Street
- White House
- Clark Gagliardi
- Date Loaded
- 18 Feb 2003
- UCSF Legacy ID
- sox60c00
Document Images
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Transcript
President Clinton is expected today to declare
nicotine an addictive drug, and to unvcil a sweeping plan
to overhaul and restrict the way cigarettes are marketed
and sold. in effect the tobacco indusLry faces the biggest
regulatory challenge in its long history. Cigarette makers
and many politicians in the south eastern tobacco states
fiercely oppose government regulations. The President's
efforts are aimed at stamping out or at least preventing
smoking by teenagers.
In this election year, Mr. Clinton's expected
announcement is also drawing barbs from his Republican
challenger Bob Dole. The Dole campaign says the White
House is trying to deflect attention from reports of an
increase in teen drug use during the Clinton Administration.
Well, CNN will bring you live coverage of the
President's announcement, scheduled for later today in the
White House Rose Garden.
Meanwhile, the tobacco industry is under fire on
another front. Lawsuits by U.S. states seeking to recover
health care expenses from cigarette-related illnesses.
They're piling up now, and so are cases by individual
scnokers. An Indiana jury is deliberating a very high
profile, very high stakes case, that pits the family of a
deceased smoker against the nation's largest tobacco
companies. Katherine Barrett has this report from
Indianapolis.
Katherine Barrett_reporting:
six jurors and one alternate began deliberating
Thursday afternoon on the case of Yvonne Rogers versus RJ
Reynolds, Philip Morris, American Tobacco, and the Liggett
Group. The lawyers did all their talking in court.
Morris Klapper (Plaintiff's Attorney): No, we're not going
to be able to comment till the jury comes back. That's all
I really have to say.
Barrett: In final statements, Rogers' lawyers argued the
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Stuart Varney, anchor:
pOLDfi9-IBB9 109514.1m
DATE August 23, 1996
TIME 6:00-7:00 AM (ET)
NETWORK CNN
PROGRAM Business Day

VIOEO MONITORING SERVICES OF AMERICA, INC Page: 2
tobacco companies were negligent and liable for selling an
unrcasonably dangerous product, and that his addiction to
cigarettes caused Richard Rogers lung cancer, and death at
age fifty-two. Lawyers defending the four tobacco
companies argues Rogers knew the risks of smoking, though
he started at age six, and that he could have chosen to
quit at any time. Tobacco lawyers also maintain the link
between smoking and lung cancer has not been scientifically
proven. The most emotional moment came when Yvonne Rogers
lawyers reminded jurors that her family had lost a husband
and a father, that brought Rogers and here two sons to
tears. Emotions are high on both sides. Tobacco industry
cannot afford to lose this case.
Henry Miller (Senior Partner, Clark, Gagliardi & Miller):
If the plaintiffs win the case in Indianapolis, I believe
there will be an enormous change in the environment,
because it means the aura of invincibility of the tobacco
industry would be shattered.
Levine: Tobacco companies have only lost two liability
cases like this, and one of those was reversed on appeal.
The dollar damages sought in the Rogers case are relatively
small, but if the industry loses here, the damage to its
legal record would be enormous. Katherine Barrett, CNN
Financial News, Indianapolis.
Varney: Now on Wall Street tobacco stocks continued to be
under some pressure, but the rest of the market just
sprinted higher.
40
