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Philip Morris spared huge Florida verdict

A Florida judge said he plans to slash a $300 million verdict against Philip Morris, calling the jury award to a former smoker "excessive" and "shocking."

Broward Circuit Judge Jeffrey Streitfeld indicated Friday that he would reduce the award, according to the Daily Business Review . The verdict came in November in the case of an emphysema patient and former smoker. The verdict included $244 million in punitives.

By Peter Vieth

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