Law firm will not oppose Kraft spin off
Headline News
A law firm that is suing the tobacco industry over the marketing of "light" cigarettes said Wednesday it will not oppose plans by Philip Morris USA''s parent company, Altria Group Inc., to spin off its Kraft Foods business.
The law firm Cohen, Milstein, Hausfeld and Toll has filed a class action suit against several tobacco companies in Federal District Court in Brooklyn, alleging they deceived smokers about the safety of their "light" cigarettes.
Attorney Michael Hausfeld previously said he would consider filing an injunction to stop Altria from divesting Kraft if it would leave the company unable to pay the $200 billion in damages he is seeking for his clients.
Hausfeld''s firm said Wednesday that the spinoff could actually strengthen Altria financially, and thus "may prove in the best interests of our clients."
New York City-based Altria Group Inc. plans to spin off packaged food maker Kraft next week. Altria currently owns 88.9 percent of Kraft''s outstanding shares.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.