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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 lower court erred, in that the tobacco companies were not immune from liability under the Parker doctrine: the states' supervision under the terms of the settlement agreement did not reach those parts of the agreement that were the source of the antitrust injury, i.e., cigarette pricing and production. Parker v.
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 ...
To the extent that a tobacco product manufacturer establishes that the amount it was required to place into escrow on account of units sold in the state in a particular year was greater than the Master settlement agreement payments, as determined under section IX(i) of the Master settlement agreement including after final determination of all ...
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The tobacco companies also agreed to pay various sums to the settling states over 25 years, in amounts to be calculated based upon a complex formula. Id. at 112–114. It is estimated that at the end of the 25-year payout, Hawaii will have received as much as $1.38 billion.
Ellison said Minnesota got the big settlement precisely because the state took Juul to trial. Minnesota settled its lawsuit against e-cigarette maker Juul Labs and tobacco giant Altria for $60.5 ...