2nd Circ. Affirms Toss Of Tobacco Deal Antitrust Action

Law360, New York (October 18, 2010, 5:04 PM EDT) -- A federal appeals court has upheld a lower court's decision to toss a long-running putative class action brought by cigarette importers Freedom Holdings Inc. and International Tobacco Partners Ltd. claiming that a $25 billion settlement between major tobacco makers and 46 states is anti-competitive.

A three-judge panel in the U.S. Court of Appeals for the Second Circuit on Monday found no error in the rejection of the cigarette importers' Sherman Act and Commerce Clause challenges to a pair of New York state statutes enacted in furtherance...
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