Price v. Philip Morris, Inc.
Plaintiffs, two individuals and a certified class of persons, claimed that they were harmed by Philip Morris, Inc.’s alleged violation of the Illinois Consumer Fraud and Deceptive Business Practices Act by its use of "false and fraudulent" marketing practices for its tobacco products. Philip Morris denied the allegations, but the Circuit Court of Madison County, Illinois, awarded the plaintiffs compensation and punitive damages totaling $10.1 billion. The Circuit Court set the amount of an appeal bond at $12 billion but reduced it at Philip Morris’s request. Plaintiffs filed a motion to change the amount of the bond, arguing that the new amount would not be enough to cover the potential costs of appeal proceedings. The Appellate Court of Illinois, Fifth District, concluded that a decision would require resolution of factual issues and sent the case back to the circuit court to determine the sufficiency of the appeal bond.