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Reaching Equilibrium In Tobacco Litigation, James A. Henderson Jr., Aaron Twerski
Reaching Equilibrium In Tobacco Litigation, James A. Henderson Jr., Aaron Twerski
Cornell Law Faculty Publications
Recent pro-plaintiff developments in tobacco litigation may lead to the conclusion that such litigation will go on endlessly and threaten the financial viability of the tobacco industry. This article takes the opposite position. Although the industry may take some near-term losses, it is far more likely that tobacco companies will survive short-term losses and that tobacco litigation will reach a stable equilibrium within the next fifteen to twenty years. The threat of third-party payer claims is no longer viable. Courts have unanimously rejected them. With the exception of cases pending in Florida and West Virginia, there are few individual personal …