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Altria Group Inc. Message Board

  • yahoo yahoo May 5, 2005 7:39 AM Flag

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    • Subj: Re: good thing Kraft is not PM-usa
      By: mo_strategist
      Date: 04/03/03 06:11 pm

      Yes, I understand the political implications. I was referring to the poster who said "@&#& IL, what assets does Altria have in IL?" The answer is Kraft. They can play hardball too.
      **********

      Neither Kraft nor Altria are liable here. PMUSA is. If it chooses to, Altria can simply say "good bye PMUSA" and let that company get ripped to shreds.

      Yes, Altria itself could be sued, since it owns PMUSA, but by the same logic so could YOU be sued because YOU own MO shares! The point is, the structure of the corporation provides an effective legal shield making it extremely difficult for any such suit to actually win.

      If PMUSA simply chooses not to post bond, the plaintiffs could attempt to have PMUSA's assets within the state of IL seized or frozen. Of course, those would amount essentially, to zero. They can't legally seize Marlboros off the shelves because PMUSA doesn't own them; the store owners do. They could try it with KFT, etc, but legally since KFT is an entirely separate legal entity they shouldn't be allowed to get away with it (see above).
      @@@@@@@@@@@@@@@@@@@@@
      Damn

      There is a run on Marlboro Lights and Reds in Illinois gas stations. People can't live without a Marlboro and street vendors are getting $100 a pack.

      The word is out that there is a Marlboro shortage.

    • Yes, I understand the political implications. I was referring to the poster who said "@&#& IL, what assets does Altria have in IL?" The answer is Kraft. They can play hardball too.
      **********

      Neither Kraft nor Altria are liable here. PMUSA is. If it chooses to, Altria can simply say "good bye PMUSA" and let that company get ripped to shreds.

      Yes, Altria itself could be sued, since it owns PMUSA, but by the same logic so could YOU be sued because YOU own MO shares! The point is, the structure of the corporation provides an effective legal shield making it extremely difficult for any such suit to actually win.

      If PMUSA simply chooses not to post bond, the plaintiffs could attempt to have PMUSA's assets within the state of IL seized or frozen. Of course, those would amount essentially, to zero. They can't legally seize Marlboros off the shelves because PMUSA doesn't own them; the store owners do. They could try it with KFT, etc, but legally since KFT is an entirely separate legal entity they shouldn't be allowed to get away with it (see above).

    • Yes, I understand the political implications. I was referring to the poster who said "fuck IL, what assets does Altria have in IL?" The answer is Kraft. They can play hardball too.

    • Actually, the question should be phrased:

      "HOW MANY VOTES FROM MO EMPLOYEES ARE FROM THE CHICAGO AREA".

      There...that's better

    • Nyaddda ... though probably not a viable PR move ... that said, wouldn't it be fun to see Tillery takes his judgement to a court in N.C. Ever see a judge fall off his chair from laughing so hard?

    • MAKE THEM RE-SUE ALTRIA AGAIN FOR COMPENSATION.

      The longer we play this out the more assets can be sheltered. TIME IS ON OUR SIDE!!!!

    • Let's see.....10 gazillion cigratte cartons, and maybe the state blocks sale of ther cigrattes in the state.

      ------------------------------------------
      DOn't pay is an option. What would the State of Illinois do? What assets does Phillip Morris have in Illinois?

    • DOn't pay is an option. What would the State of Illinois do? What assets does Phillip Morris have in Illinois?
      ************

      Its an option, but it would lead to a PR nightmare that MO would rather avoid.

      I think they would rather shield themselves with Ch.11 and then let the creditors, including the 50 states, come crawling back with a nicer deal.

 
MO
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