PHILIP MORRIS CASE
June 1st, 2003
BY PHILIP FINE
AN AMERICAN appeals court has ruled that the US cigarette market is so "highly competitive," paying vendors for display space does not "substantially foreclose" competition. The judgment affirmed a lower court decision and dismissed R.J. Reynolds, Brown & Williamson, and Lorillard's claim that Philip Morris USA's Retail Leaders programme violates anti-trust laws.
ENDS
AN AMERICAN appeals court has ruled that the US cigarette market is so "highly competitive," paying vendors for display space does not "substantially foreclose" competition. The judgment affirmed a lower court decision and dismissed R.J. Reynolds, Brown & Williamson, and Lorillard's claim that Philip Morris USA's Retail Leaders programme violates anti-trust laws.
ENDS
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