High Court Passes On Tobacco Fund Antitrust Appeal

Law360, New York (October 10, 2006, 12:00 AM EDT) -- The U.S. Supreme Court has declined to take up the appeal of 30 state governments that have been wrangling with three small cigarette companies over the antitrust implications of accounts established to cover damages from future tobacco-related lawsuits.

On Tuesday, the High Court refused to hear the case, keeping alive the companies’ hopes of overturning state laws passed in the aftermath of a whopping settlement with the tobacco giants.

In November 1998, the tobacco industry’s biggest players forked over $206 billion to the states to settle...
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