Word: settlements
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That's a tricky distinction in the Jones case, in which just about everything is embarrassing to the President. In any normal lawsuit, right about now would be settlement time--when all the main parties have been deposed, and each side can assess the other's chance of persuading a jury. But in Jones v. Clinton, winning or losing may have nothing to do with what a jury decides and everything to do with how much pain each side can inflict on the other in public. Clinton would probably win the customary agreement that neither side divulge the details once...
...Beyond that, details of the settlement are sketchy. But it does seem Bill Gates has come to his senses ? and realized how close his company came to being found in contempt by an unsympathetic Jackson...
...maneuvering is getting serious. In response to a September letter signed by 21 Republican members of Congress, the Treasury Department has begun looking into the IRS decision to audit Jones and her husband Stephen, an inquiry begun just a few days after they reportedly turned down a $700,000 settlement offer from Clinton's lawyers. At first blush, revenge by audit would seem so heavy-handed and visible a tactic that no one would try it. That was what White House press secretary Mike McCurry meant in September when he said, "We do dumb things from time to time...
AUSTIN: In Texas, everything's bigger. Indeed, at around $14.5 billion, the state's settlement with Big Tobacco ? set to be announced Friday, the day the trial was scheduled to begin ? is the largest yet. But it should be no surprise that the lawyers are walking tallest of all: They've gleaned a whopping $2.18 billion out of that total for their fees...
...Legal leeches aside, Texas is now guaranteed a payout. That wasn't the case when the state was hanging on for its $13 billion share of the fabled $368.5 billion national settlement which President Clinton was still huffing and puffing about Thursday. The only question now is what other conditions will be inked into the deal: Will Texas, like Florida, ban all cigarette billboard advertising? Will the Marlboro Man and the Lone Star state part company after all these years? Click back for details, as Texan Attorney General Dan Morales unveils the cigarette pact later today...