CBS Evening News - 2000-07-14
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Read a transcript preview of “CBS Evening News - 2000-07-14” from malgent, uploaded on 2025-04-06.
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Language: English (YouTube automatic captions)
[0:00] [Music]
[0:01] A crushing blow to big tobacco. A jury
[0:04] orders cigarette makers to pay record
[0:07] punitive damages for ruining the health
[0:09] of smokers. We'll give you a look at the
[0:11] impact of a judgment the industry calls
[0:14] a death warrant. The fiery deaths at
[0:17] Waco. A jury says you can't blame the
[0:21] government. and Walter Kankite at 50
[0:24] years at CBS News.
[0:27] [Music]
[0:32] This is the CBS Evening News with Dan
[0:35] Rather reporting from CBS News
[0:37] headquarters in New York. Good evening.
[0:40] It is by far the biggest punitive damage
[0:43] award in history. A Florida jury today
[0:45] ordered cigarette makers to pay $145
[0:49] billion to thousands of state residents
[0:51] with smoking related illnesses. Half of
[0:54] it will come from Philip Morris alone,
[0:56] the rest from four smaller cigarette
[0:58] makers. And it's on top of $13 million
[1:02] in compensatory damages. The companies
[1:04] say this will break them and they will
[1:06] appeal. Our coverage of the verdict and
[1:08] the impact begins with CBS's Randall
[1:10] Kingston in Miami.
[1:14] Let me think on this for just a second,
[1:15] please. Even the judge appeared to be
[1:18] staggered by the size of the verdict.
[1:20] Philip Morris
[1:22] Incorporated 73 billion 960 million for
[1:28] America's five largest tobacco companies
[1:30] a devastating decision as a Florida jury
[1:32] awarded plaintiffs a record 145 billion.
[1:36] There is no industry in America. There's
[1:39] probably not a country in the world that
[1:42] can withstand a verdict of this size and
[1:44] pay it at one time. But the plaintist
[1:47] lawyer Stanley Rosenblat was jubilant.
[1:49] And finally they got tagged. Finally
[1:52] they got hit. The day of recko