Article: Philip Morris fails to reach deal on lower appeal bond

PHILIP MORRIS USA FAILED TUESDAY TO REACH A COMPROMISE TO REDUCE A $12 BILLION BOND REQUIRED TO APPEAL A VERDICT AGAINST IT OVER DECEPTIVE ADVERTISING.

Lawyers for Philip Morris met Tuesday with a plaintiff's attorney, a mediator and representatives from the Illinois attorney general's office Tuesday to try to agree on a smaller deposit that would be proposed to state lawmakers.

No new sessions are scheduled, said Stephen Tillery, an attorney representing the plaintiffs in the case.

Shares of Altria Group Inc., Philip Morris' parent company, tumbled another $1.86 a share Tuesday, to $28.10. That adds to a 14

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