States, Tobacco Cos. Close To Deal In $7B Dispute

Law360, New York (June 22, 2011, 7:09 PM EDT) -- A group of major cigarette makers on Wednesday reportedly proposed a deal with officials from 46 states to resolve a dispute over $7.1 billion in payments that are part of a $200 billion master settlement agreement between the states and tobacco companies.

The cigarette makers say they shouldn’t have to make payments on sales between 2003 and 2010 because the states have not pursued smaller cigarette companies, which have subsequently drawn business away from the bigger companies, according to the Wall Street Journal, which obtained a...
To view the full article, register now.