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Tobacco companies win important court ruling

WASHINGTON, D.C. - Tobacco companies won a key legal battle as a federal appeals court refused to reconsider a decision barring the U.S. Food and Drug Administration from regulating cigarettes and smokeless tobacco. The decision leaves only the possibility of U.S. Supreme Court intervention in the path of major legal victory for American cigarette makers.

"It puts the issue of FDA regulation to bed," said David Adelman, a Morgan Stanley Dean Witter & Co. analyst who is skeptical that the nation’s highest court will agree to consider the case, although this will probably be proposed.

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© Copyright 1999 By Lockwood Trade Journal Co., Inc.

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