Word: settlements
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...Clarks and their cohort are sore losers in the perilous game of farming and ranching. "They just sit up there dreamin' up things to be a public nuisance," says rancher Tom Wilson. "We're all sick of it." But everywhere there's a strong desire for a bloodless settlement. "We think they were led astray," says former Garfield County commissioner Kenneth Coulter. "They were possibly gullible because of their financial situation...
...Morris, the world's largest tobacco company. Uydess, an associate senior scientist at Philip Morris for 11 years, quietly resigned from his job in 1989. Not until two weeks ago, however, when he witnessed the spectacle of his former employer playing hardball while cigarette maker Liggett worked out a settlement in six huge lawsuits, did he decide to make a big noise. "This is a social tragedy that is being played out here, and it's got to stop," Uydess told TIME. "If there's any way I can help stop it, I want to do that...
...saying it believes the state will lose after spending millions of taxpayer dollars and that Texas taxpayers should also be "deeply disappointed" by the waste of money and time, the company added. In filing suit, the Texas Attorney General may have been encouraged by the Ligget Group's historic settlement of a similar anti-tobacco class action suit earlier this month...
...TIME has learned that even before news of the Liggett deal broke, other settlement feelers had gone out. Florida state senate minority leader Ken Jenne says that last Tuesday he was approached by Jon L. Shebel, president and ceo of the powerful Associated Industries of Florida, a lobbying group that includes Philip Morris, R.J. Reynolds and the Tobacco Institute. Shebel confirms that a conversation took place in which actual dollar amounts were bandied about. He admits that he mentioned payments of $105 million a year, "for a long time, maybe indefinitely," to settle the state's $1.4 billion lawsuit...
...make money,'' says Richard Scruggs, one of whistle-blower Jeffrey Wigand's lawyers, who is helping on the Mississippi Medicaid suit. "This is a very sophisticated business transaction by Bennett LeBow." If LeBow can force a merger between Liggett and R.J.R., then R.J.R. will participate in the settlement, moving out from under the shadow of incessant litigation, boosting its stock price and enabling LeBow to split the company's food and tobacco divisions. Even if this scheme fails, LeBow tells TIME, "it was a good economic deal for us to settle...