Panel Orders Tobacco Cos. To Pay NY $92M Under 1998 Deal

Law360, New York (September 11, 2013, 6:36 PM EDT) -- The attorney general of New York announced Wednesday that an arbitration panel has ordered several major tobacco manufacturers to pay $92 million withheld from a massive 1998 settlement, saying the state did not breach its enforcement obligations under the deal.

Attorney General Eric T. Schneiderman said a panel of three retired federal judges rejected claims brought by so-called Big Tobacco companies seeking to reduce certain annual payments agreed to under the 1998 Master Settlement Agreement, which resolved claims of fraud and conspiracy brought by 52 states...
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