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Reports that Morgan Stanley must pay billionaire financier Ronald Perelman $1.45 billion in punitive and actual damages after a Florida state-court jury ruled that Morgan Stanley had behaved improperly when Perelman sold one of his companies to Sunbeam Corporation. Background on the civil lawsuit and total damages awarded to Perelman; Background on Perelman, chairman of cosmetics giant Revlon Inc. and legendary corporate raider; Focus on a number of senior executives at Morgan Stanley; Views of analysts; How the large verdict award comes at an awkward time for Philip Purcell, chief executive of Morgan Stanley, who has been facing a group of former executives who seek his ouster; Role of Judge Elizabeth Maass.

Deals with the compensatory damages imposed by a Miami, Florida jury on three tobacco firms at a class-action lawsuit.

Reports the compensatory amount required by a Florida jury from Cessna Aircraft Co., a part of verdict for a passenger accident lawsuit filed against the company on August 14, 1989.