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Margins have not suffered

They possess magnificent warehouses dedicated to aging vast stores of tobacco for an extended period of time, which ensures the cigars they make next year and the year after are every bit as good and consistent as the cigars theyre making today and the ones they made ten years ago

While no individual Engle case posed any significant financial risk to any of the three manufacturers, we do believe the elimination of the aggregate financial risk from all federal cases and the headline risk of any individual case will be viewed favorably by the market. "We are pleased to have these federal Engle cases behind us," said Ronald Milstein, Lorillard's executive vice president and general counsel

These are the filler, binder, and wrapper