Defective Product Liability | Cigarettes & Tobacco / Smoking

Medicare Smoking Settlements News

States vs Tobacco: Will Payments be Cut This Year?

RSS News Feeds
Non-Vehicle Product Liability
Lung Cancer
Medicare Smoking Settlements
 All RSS Feeds

At a glance:

An arbitrator's ruling went in favour of major tobacco companies, allowing them to cut over $1 billion from the $6.5 billion due to 46 states in April.
 
The ruling is based on the decline in cigarette sales overall, and over and above that, the decline in market share of these major companies compared to small companies that are not part of the 1998 agreement.
 
The Attornies General of the 46 states affected contend that they expect the full amount to be paid and that all the criteria for cutting the amount have not been met.

Tobacco groups win ruling over $6.5bn settlement

MSNBC - 3/28/2006 1:12 PM

An independent arbiter on March 28 sided with tobacco giants Philip Morris and R.J. Reynolds in a decision that could cost the states billions under the terms of the 1998 tobacco settlement.
 
The National Association of Attorneys General announced that the the Brattle Group, an economic firm, ruled that Philip Morris and R.J. Reynolds lost domestic market share due to the advertising restrictions imposed by the Master Settlement Agreement. The actual ruling on the public settlement by has been classified as "privileged and confidential" by NAAG.
 
The ruling could lead to a reduction in annual settlement payments to the states by as much as $1.2 billion, according to some estimates. (The 2005 settlement payment to the states totaled over $5 billion, and NAAG said the expected 2006 payment i
 
· Read The Full Medicare Smoking Settlements Article From MSNBC -->

· Read All Medicare Smoking Settlements News Stories -->

Comments On Medicare Smoking Settlements News Articles:

great site
Comment On: States vs Tobacco: Will Payments be Cut This Year?
Posted by Nadin on 9/1/2006 | Filed Under: Medicare Smoking Settlements

Zeit ist Geld.


Leave a Comment:

Once you click the 'Save Comment' button, you will receive a verification email from our website. Be sure to change any spam settings to allow webmaster@lawsuitsearch.com as a trusted sender.
 
If you are already a member, you can Sign In Here.
 
You can create your own FREE user account that you can use to participate in our message boards, blogs, newsletters and other community activities such as this one. To get your FREE user account, click here.

Email Address:

Your Name:

Message Title:

Message: