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On Monday, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to weigh in on Reynolds American (NYSE: RAI) stock, as the company got slapped by a jury verdict late Friday.
After a four-day trial and 15 hours of deliberation, a Florida jury returned one of the largest verdicts against a tobacco company ever. It awarded $16 million in compensatory damages and $23 billion in punitive damages to plaintiff Cynthia Robinson. Robinson sued on behalf of her late husband, a long-time smoker who died of lung cancer in 1996.