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Tennessee court win a morale boost for Big Tobacco 

Jump to full article: Reuters, 1999-05-11
Author: Eric Wahlgren

Intro:

Monday's outcome signals the industry's exposure to smoking-related suits has not risen as much as Wall Street had begun to fear, analysts said Tuesday.

But analysts warned tobacco companies will have to win a case or two on the West Coast to restore investor faith after Oregon and California juries hit Philip Morris with damages totaling $131.5 million in two separate cases.

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