Top 10 stories in 2005
The Illinois Supreme Court overturned a $ 10.1 million judgement in Madison County Bank, the price v. Philip Morris, revocation bonanza that Circuit Judge Nicholas Byron in 2003.
In a 4-2 decision announced on December 15 The Court reasoned its decision on a portion of the Illinois Consumer Fraud Act, allows free behaviour USA by the regulatory authorities.
Byron certified a class of 1.14 million applicants. After the trial, in 2003, he decided in their favour and their damage calculated at $ 7.1 billion, allocating more than $ 6000 per applicant.
It caters quarter of procurement - $ 1.7 billion - to class councils.
He added, $ 3 billion in punitive damages, which meant that the State of Illinois.
Free State consumer law accused of fraud claims, if a state or federal regulatory agency has specifically authorized the conduct in question.
Byron decided that the Federal Trade Commission did not explicitly authorized “light” marking. The Supreme Court said he was doing.
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