Brooke Says Alabama State Court Denies Final Approval of Fletcher Class Action Settlement.MIAMI--(BUSINESS WIRE)--July 22, 1999-- Brooke Group Ltd. (NYSE NYSE See: New York Stock Exchange : BGL BGL The pre-July 1999 ISO 4217 currency code for Bulgarian Lev. ) announced today that the Alabama State Court in Mobile has denied final approval of a limited fund settlement agreement between Brooke and its Liggett Group Liggett Tobacco, formerly known as Liggett & Myers Tobacco Company is the 4th largest tobacco company in the United States. Its headquarters are located in Durham, North Carolina. Its CEO is Bennett S. LeBow. tobacco subsidiary and class action plaintiffs and individual smokers nationwide in Fletcher, et al. v. Brooke Group Ltd., et al. In the ruling, the Alabama State Court attributed the decision to the recent Supreme Court decision in Ortiz v. Fibreboard fibreboard Noun a building material made of compressed wood Noun 1. fibreboard - wallboard composed of wood chips or shavings bonded together with resin and compressed into rigid sheets fiberboard, particle board Corp. Brooke is a holding company which owns Liggett Group Inc. and controlling interests in Liggett-Ducat Ltd. and New Valley Corporation. |
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