Tobacco Products Liability Project to Hold Tobacco Industry Bankruptcy Conference at Northeastern University in June
BOSTON, March 20 /PRNewswire/ -- The Tobacco Products Liability Project released the following statement:
As liability pressures facing tobacco companies increase one or more tobacco companies might soon seek bankruptcy protection. Today, both the New
Law professor Richard A. Daynard and the Tobacco Products Liability Project are convening a conference on Saturday, June 3, 2000 at Northeastern University in Boston to look closely at: 1) the forces pushing tobacco companies toward possible Chapter 11 bankruptcy; 2) how much the companies could owe and what they can afford to pay; 3) what a tobacco bankruptcy might look like; and 4) what opportunities and risks for public health would result from tobacco industry bankruptcy.
Key plaintiffs' attorneys, bankruptcy law and economic experts, and public health leaders hailing from top firms, Harvard, MIT, Duke, Rand Institute for Civil Justice, and elsewhere will offer important insights to lawyers, investment analysts, insurers, journalists, the public health community, and anyone else with an interest in the near and long term fate of the tobacco industry.
Professor Daynard notes that, ``While talk of possible tobacco industry bankruptcy seemed far-fetched just six months ago, it is now clearly something that the industry, insurers, and investors are seriously considering. Chapter 11 bankruptcy would certainly not mean the end of the U.S. tobacco industry, but it may force significant changes in the way these companies do business.''
Registration for the all-day conference is $695. For registration information, please call the Tobacco Products Liability Project at (617) 373-2026 or check http://tobacco.neu.edu/conference.