"gut shot" !!
U.S. top court rules against Philip Morris
Mon Jun 11, 2007 10:12 AM ET
WASHINGTON, June 11 (Reuters) - The U.S. Supreme Court ruled on Monday that a class-action lawsuit against Philip Morris USA, a unit of Altria Group Inc. <MO.N>, should not be decided in federal court, handing a defeat to the tobacco company.
The justices unanimously reversed a ruling that allowed Philip Morris to transfer the lawsuit to federal court from the Arkansas state court where it initially was filed.