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The Tobacco Master Settlement Agreement (MSA) was entered on November 23, 1998, originally between the four largest United States tobacco companies (Philip Morris Inc., R. J. Reynolds, Brown & Williamson and Lorillard – the "original participating manufacturers", referred to as the "Majors") and the attorneys general of 46 states.
The Tobacco Settlement Financing Corporation was created as a separate legal subsidiary of the New York State Municipal Bond Bank Agency to securitize a portion of the State's future revenues from its share of the 1998 Master Settlement with the participating cigarette manufacturers in order to make a $4.2 billion payment to State's General Fund.
American Tobacco Company which established that large tobacco companies could be liable for injury to its users. [1] The dramatic case was fictionalized into John Grisham's bestselling novel Runaway Jury and directly led to numerous other "Son of Costano" suits and the $246 billion Tobacco Master Settlement Agreement, the largest settlement in ...
The state is seeking $58 million from tobacco companies Philip Morris and R.J. Reynolds Tobacco, alleging that they underpaid what they owe Minnesota in a landmark 1998 lawsuit settlement over the ...
That was the situation in 1998, when Philip Morris, along with several other of the world's largest tobacco companies, ended years of litigation with 46 states through a master settlement ...
22nd Century Group to Acquire Participating Member of the Tobacco Master Settlement Agreement CLARENCE, N.Y.--(BUSINESS WIRE)-- 22nd Century Group, Inc. (OTCQB: XXII) announced that the company ...
TTID contains over 14 million documents produced by major tobacco companies and organizations, many of them internal strategic memoranda made public as a consequence of the Tobacco Master Settlement Agreement. The documents deal with the tobacco industry's advertising, manufacturing, marketing, sales, and scientific research activities for the ...
Ciresi's law firm was mentioned in the press for the legal fees collected in the 1998 tobacco settlement, variously reported as between $440 million and $558 million. [3] The fees were to be paid over two years, [4] in contrast to the 25-year annual payment scheme used to pay the plaintiffs of the case, the State of Minnesota. The fees were ...