Big Tobacco Wins Bigfor Now

The cigarette industry faces no financial penalties after its guilty verdict, but the bell could be tolling for light smokes

U.S. District Judge Gladys Kessler sent tobacco stocks soaring Aug. 17 when she found the industry guilty of racketeering but imposed no financial penalties. The long-awaited ruling is the final chapter in a case that had its start in 1999 when the Clinton Administration first filed suit against the industry.

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