Statement from Washington Attorney General Christine Gregoire Regarding the Madison County Court Ruling on the Philip Morris Appeal Bond
Olympia -- The judge exercised his option to balance important interests in setting the appeal bond. As we suggested to the court, the new appeal bond will avoid adverse impact on the states and still be sufficient to protect the interests of Illinois consumers.
The Judge accepted an appeal bond of $6.8 billion which includes a $6 billion note and $800 million cash to be paid in $200 million quarterly payments beginning in September 2003.
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