"But tobacco will remain a difficult social issue, and the residual litigation risk will be of concern to investors."

News continue the pressure on clubs to jump to SL and take on all litigation risk.

Potential investors, looking at the litigation risks in America compared to the rest of the world, are beginning to shift investments to less risky countries.

The dioceses have on the whole acted little differently from commercial institutions confronted by explosive litigation risks.

Q. That said, doesn't the industry still face considerable litigation risk?

In part, they said, their reluctance to release such data was caused by potential litigation risks related to sexual discrimination.

Now that you have removed most of the litigation risk, the company can focus on business fundamentals exclusively.

"They are more likely to use it for a phone call that involves some sort of litigation risk," he said.

"The litigation risk is huge," he added, saying the ruling, if upheld, could give private lawsuits much greater traction in court.

Once there has been a reduction in the litigation risk, I think some investors will come back.