Wednesday, February 24, 2021 9:29:51 PM
Why are the attorneys that PM just brought in ones that specialize in Merger and acquisitions? That could indicate a buyout of HCMC.
I am not an attorney, but I personally doubt that PM, the big, rich Tobacco company responsible for who knows how many deaths, wants to sit in front of a jury face to face with little HCMC who specializes in finding healthy alternatives. To me, the OPTICS do not favor PM, and they may want to avoid that. A settlement or buyout makes sense to me to avoid that.
But hey, I am not an attorney. I know that PM has a crap ton of $$ and can try and delay and drag things out. It would not surprise me Friday if there is no real news, but I at least hope to see a response, so we get a game plan and know what to expect. A settlement would of course be great.
Here's a bunch of times that PM decided to let juries decide their fates, and they did NOT fare too well:
https://blog.cvn.com/jury-hands-down-42.5m-total-verdict-against-philip-morris-and-rjr-in-retrial-over-smokers-cancer-death#:~:text=Smoker's%20Cancer%20Death-,Jury%20Hands%20Down%20%2442.5M%20Total%20Verdict%20Against%20Philip%20Morris,Retrial%20Over%20Smoker's%20Cancer%20Death&text=Reynolds%20and%20Philip%20Morris%20were,R.J.
https://legal.thomsonreuters.com/blog/2002-phillip-morris/
https://blog.cvn.com/breaking-0-punitive-award-follows-2.5m-verdict-against-philip-morris-at-trial-over-smokers-fatal-lung-cancer
https://archive.nytimes.com/www.nytimes.com/ref/washington/scotuscases_PUNITIVEDAMAGES.html?scp=2&sq=v&st=cse
https://lrus.wolterskluwer.com/news/products-liability-law-daily/punitive-damages-award-in-excess-of-20m-against-philip-morris-survives-constitutional-challenge/130829/
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