High court nixes European suit against R.J. Reynolds

The Supreme Court ruled Monday that the European Union can't pursue a lawsuit accusing tobacco giant R.J Reynolds of taking part in a global money-laundering scheme that sponsored cigarette-smuggling in Europe. In a 4-3 ruling, the justices said the EU has no right to sue in U.S. courts because federal racketeering laws don't allow recovery for injuries occurring outside the United States.