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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.
This settlement included payments to states, restrictions on advertisements, and free access to internal industry research, although some have criticized the settlement for shielding the industry from future lawsuits, granting a monopoly to the largest tobacco companies, creating "client states" dependent on settlement payments, and shifting ...
When 46 states agreed to a $246 billion out-of-court settlement to recover the costs of smoking-related illnesses, they joined the other four that had previously sued and won. In Canada, the ...
By 2014, tobacco bonds made up $94 billion of the $3.7 trillion municipal bond market. They share a revenue stream from the Tobacco Master Settlement Agreement , a 1998 national settlement in which Philip Morris , Lorillard and Reynolds American agreed to make annual payments to states in perpetuity to resolve liabilities for health-care costs ...
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 ...
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 ...
The Tobacco Institute, Inc. was a United States tobacco industry trade group, founded in 1958 by the American tobacco industry. [ 1 ] : 251 [ 2 ] It was dissolved in 1998 as part of the Tobacco Master Settlement Agreement .
Six other tobacco liability cases were withdrawn the same month as well. [9] The firm handling Cipollone was denied withdrawal in the last remaining case, Haines v. Liggett Group, Inc. Haines dragged on for another decade and then some, until a settlement order was approved on April 13, 2004. [10]