Company Overview of R.J. Reynolds Tobacco Company
R.J. Reynolds Tobacco Company manufactures and markets cigarettes for adult tobacco consumers in the United States. It offers its products through a network of retailers and wholesalers. R.J. Reynolds Tobacco Company was formerly known as Brown & Williamson U.S.A., Inc. The company was founded in 1875 and is based in Winston-Salem, North Carolina. R.J. Reynolds Tobacco Company operates as a subsidiary of R.J. Reynolds Tobacco Holdings, Inc.
401 North Main Street
Winston-Salem, NC 27101
Founded in 1875
Key Executives for R.J. Reynolds Tobacco Company
President and Chief Commercial Officer
Chief Scientific Officer and Executive Vice President of Operations
Executive Vice President and General Counsel
Senior Vice President of Research & Development
Compensation as of Fiscal Year 2014.
R.J. Reynolds Tobacco Company Key Developments
Gary Paige of Gordon & Doner and Alex Alvarez of Alvarez Law Firm Obtains $46.5 Million in Compensatory and Punitive Damages against R.J. Reynolds in Big Tobacco Lawsuit
Apr 22 15
Gary M. Paige of Gordon & Doner, P.A., along with Alex Alvarez of the Alvarez Law Firm obtained a verdict against R.J. Reynolds Tobacco Company. Considered one of the most successful trial teams, Paige and Alvarez have obtained several multi-million dollar verdicts against Big Tobacco, and this marks their ninth victory trying cases together against a tobacco company. This time the Broward County jury returned a verdict for $46.5 million on April 21, 2015. The plaintiff, Tom Ryan began smoking in 1955, at age thirteen, long before there were any warnings on cigarette packages. Unfortunately, he became heavily addicted to nicotine, smoking up to four packs a day for more than forty years. Tom didn't choose to be addicted to nicotine. He switched to filtered and low tar cigarettes thinking they were safer, and then for years he tried countless times to quit, including trying the patch and Nicorette gum. In 1997, when new prescription medications were approved by the FDA, he immediately received a prescription for Zyban, and along with a lot of prayer, was finally able to succeed. Unfortunately, it was too late. He had developed severe COPD, and can barely walk to his mailbox. He now relies on nearly full time supplemental oxygen to help him breathe.
Philip Morris, RJ Reynolds and Lorillard Agree to Pay USD 100 Million to Settle More Than 400 Lawsuits
Feb 26 15
Philip Morris, RJ Reynolds and Lorillard have agreed to pay USD 100 million to settle more than 400 lawsuits claiming that smoking damaged people's health. A judge awarded a combined USD 100 million (AUD 126.72 million) to the plaintiffs in the lawsuits filed in Florida by smokers or their families, seeking damages for injuries caused by smoking. As part of the settlement, Philip Morris USA, RJ Reynolds Tobacco Company and Lorillard Tobacco Company will collectively pay USD 100 million to the plaintiffs. Under the terms of the agreement, Philip Morris USA and RJ Reynolds will each pay USD 42.5 million to resolve the federal cases. Lorillard will pay USD 15 million. The settlement only involves cases that are pending in federal court, the law firm noted, not cases filed in state court. The tentative agreement is subject to the approval of all the plaintiffs. The settled cases are part of the so-called Engle cases, a Florida class-action lawsuit filed against the cigarette companies in 1994. They were also part of a 2006 Florida Supreme Court decision to decertify the class action, saying the USD 145 billion in punitive damages to the entire group was 'excessive'. However, the top court opened the door to individual lawsuits, and allowed the findings to stand in the case, including that smoking cigarettes harmed health and the tobacco companies had knowingly concealed the health effects of cigarettes or their addictive nature.
Reynolds American, Philip Morris, Lorillard Agree to Pay $100 Million to Settle Florida Federal Court Lawsuits
Feb 25 15
Reynolds American (RAI), Philip Morris (PM) and Lorillard (LO) have agreed to collectively pay $100 million to resolve nearly all cases related to hundreds of smoking and health-related lawsuits that are pending but not yet tried in Florida federal courts. Under the terms of the accord, Reynolds American's RJ Reynolds unit will pay $42.5 million, Philip Morris will pay $42.5 million and Lorillard will pay $15 million. These individual smoking and health cases arose out of the so-called Engle class action in Florida. The agreement only covers cases pending in federal court and does not apply to the cases pending against the tobacco companies in the state courts across Florida.
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