Philip Morris gets $1.2 bln in escrow funds in Florida case

lunedì 3 dicembre 2007 21:36

Dec 3 (Reuters) - Philip Morris USA, the U.S. tobacco unit of Altria Group Inc (MO.N: Quotazione), has received $1.2 billion in funds held in an escrow account under the bond stipulation in the Engle smoking and health class action in Florida, Altria said.

Philip Morris will also immediately seek the discharge of a $100 million appeal bond in the same case. (Reporting by Manish Gupta in Bangalore; Editing by Deepak Kannan)