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IN RE PHILIP MORRIS COMPANIES INC SECURITIES LITIGATION II Click to find out why . . .



Keywords & Phrases
CaseNo: PMI84960, CourtName: CLASS ACTION CASES, UniqueCaseRef: LCD>PMI84960, Philip, Cigarettes, Facts, Philip Morris, Stock, Nicotine, Class Period, Common, Tobacco, Smoking, Misrepresentations, Industry, Disregard, Act, Stock Exchange, Addiction, Disclose, Participating, Rule Lob-5, Tobacco Companies, Evidence, Reckless, Common Questions, Affecting, Quit Smoking, Denoble, Fda , ContentID: 120249900

Case Documents
1 1994-06-30 CONSOLIDATED AMENDED COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123505
27 pages
PDF
Total Documents: 1 document , 27 pages
Price: $ 19.95


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1 . CONSOLIDATED AMENDED COMPLAINT

EXTRACTED KEY WORDS
CIGARETTES
DEFENDANTS
FACTS
PHILIP MORRIS
STOCK
NICOTINE
CLASS PERIOD
MEMBERS
COMMON
TOBACCO
SMOKING
MISREPRESENTATIONS
INDUSTRY
DISREGARD
ACT
STOCK EXCHANGE
ADDICTION
DISCLOSE
PARTICIPATING
RULE LOB-5
PLAINTIFFS
TOBACCO COMPANIES
EVIDENCE
RECKLESS
COMMON QUESTIONS
AFFECTING
QUIT SMOKING
DENOBLE
FDA
45jaw039.phm

UNITED  STATES  DISTRICT                                 COURT
SOUTHERN  DISTRICT                            OF  NEW  YORK
-----        4  ---------------------------------                                             x
BETTY  GRAYSON  KURZWmL  and  ROBERT
GRAYSON  as  trustees                               of  the  trust                             i   
under         the  will             of  FLORENCE  ROSENMAN,                                   I
WILLIAM            STEINER,                 and  JERRY  KING  on                              I I
behalf           of  themselves                       and  all  others
similarly               situated,                                                                  
                                                                                                   
                                    Plaintiff,
                                                                                              I
             -  against             -
                                                                                              I
PHILIP          MORRIS  COMPANIES,  INC.,                              WILLIAI:               ;
MURRAY,  MICHAEL  A.  MILES,  HANS  G.                                                        I
STORR  and  WILLIAM                           I.  CAMPBELL                                    I I
                                    Defendants.                                               I 1 X

                                                              INTRODUCTICg
                       Plaintiffs                     for  their       Consol.dated                
Action           Complaint                 allege         upon  informat.on                   and 
part,  upon  the  investigation                                      conducted            by  and 
undersigned                    attorneys),                except       as  to  .,:hose  paragraphs 

the  plaintiffs,                          their        purchases          of  Ph.lip               
("Philip             Morris"               or  the  "Company")                 common  stock       
suitability                    to  serve              as  a  class        repre:entatives,         
alleged            upon  personal                      knowledge,          the  iollowing:

                                                      JURISDICTION            ANL  VENUE
                        1.          This  Court              has  jurisdiction                     

matter           of  this           action             pursuant        to  seczion                 
Exchange             Act  of  1934  (the  "Exchange                                Azt"),          

28  U.S.C.             5  1331.

                       2.           The  claims              asserted          herein              



      45jaw039.phm

       10(b)         and  20(a)  of  the  Exchange                                   Act,        :5
      78t  (ah          and  Rule  lob-5                      promulgated                    
      and  Exchange                    Commis&on                 (the  IISECI'),                 :7
SNIPPETS:
  • Stock Exchange.
  • with the other members of the Class.
  • Thc:se common questions
  • defendants violated sections 10and 20of the Exchange Act and SEr Rule lob-5;
  • to the investing public during the Class Period oritted
  • facts allout Philip Morris's research
  • and cigarettes;
  • Plaintiffs
  • Philip Morris has been engaged in the manufacture
  • from its domestic tobacco business.
  • the country has either banned or limited smoking in public
  • public scrutiny of the tobacco industry and cigarettes,
  • nicotine is addictive.
  • According to FDA commissioner
  • Philip Morris, i;owever, forced Dr. DeNoble to withdraw the paper, threatening
  • and the knowledge or reckless disregard that Ihe government
  • tobacco addiction are similar to those that determine
  • , along with other tobacco companies, launched a public relations counteroffensive.
  • and that their own evidence
  • to quit smoking.
  • affecting an informed adult's
  •    |