General Tobacco Fires Up $1B Antitrust Suit

Law360, New York (October 29, 2008, 12:00 AM EDT) -- Fuming over a 1998 master settlement agreement that it claims is anti-competitive, a North Carolina-based tobacco firm has ignited a billion-dollar suit against 52 attorneys general and 19 tobacco manufacturers that took part in the deal.

General Tobacco, which is the sixth biggest tobacco firm in the nation, lodged the suit on Tuesday in the U.S. District Court for the Western District of Kentucky, claiming the 1998 agreement has made it more costly for new entrants to break into the tobacco industry. It is seeking more...
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