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On February 4, 2005 the US Court of Appeals ruled in the Department
of Justice’s (DOJ) racketeering suit against the tobacco
companies that, in accordance with the 1970 Racketeer Influenced
and Corrupt Organizations Act (RICO), tobacco companies would
not have to turn over the $280 billion dollars they have earned
in profits since 1971. The DOJ claims these profits were the
result of illegal marketing and covering up the dangers of
tobacco. The Judges declared, however, that the purpose of
the RICO Act is to prevent future racketeering violations
and not to recover illegal profits. On February 16, 2005 the
Department of Justice declared they will appeal the US Court
of Appeals decision to not have tobacco companies hand over
profits to the government. In the second appeal the DOJ intends
to offer other ways for the tobacco companies to resolve the
claim. They may ask for funding for large-scale smoking cessation
and youth smoking prevention programs, and a public education
campaign about the dangers of smoking. The following links
offer more information on the lawsuit:
http://tobaccofreekids.org/Script/DisplayPressRelease.php3?Display=818
http://www.tobacco.org/articles/lawsuit/doj
NASCAR sponsorship took a new turn when GlaxoSmithKline announced
they would be an associate sponsor with the Target Chip Ganassi
team. Casey Maers’ car will be painted to feature GSK’s
new product, Nicorette Fresh Mint gum. The sponsorship is
to last through the 2005 NASCAR season starting on March 20,
2005 at the Atlanta Motor Speedway. For more information see:
http://www.prnewswire.com/cgibin/stories.pl?ACCT=NWCNTOB.story&STORY
=/www/story/01-27-2005/0002908314&EDATE=THU+Jan+27+2005,+09:00+AM
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