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. Last Updated: 07/27/2016

$157Bln Tobacco Value




MIAMI -- The United States' five biggest cigarette makers, worth $157 billion domestically, have a "strikingly rosy'' future, a financial expert testified Tuesday for smokers seeking punitive damages from the tobacco industry.


George Mundstock, a professor of finance at the University of Miami Law School, said tobacco companies could raise that amount in six months by Wall Street borrowing or selling themselves.


That amount is key testimony for a jury considering how much to award 300,000 to 500,000 sick Florida smokers to punish the industry for its misconduct.