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Philip Morris hit with $28 billion punitive award

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LOS ANGELES--Philip Morris Cos. Inc. must pay $28 billion to a California woman who blamed her lung cancer on the company's cigarettes, a jury has ruled.

The state court jury in Los Angeles handed down the punitive damages award Friday after last month awarding 64-year-old Betty Bullock $850,000 in compensatory damages. Ms. Bullock, who began smoking at age 17, charged Philip Morris with fraud, negligence and producing a defective product.

Officials at New York-based Philip Morris could not be immediately reached for comment.