Tobacco Debt Fares a Little Better Following Illinois Court Decision
- Tobacco Bond Prices Drop Slightly After Illinois Appeals Court Hearing. Albanese, Elizabeth // Bond Buyer;7/10/2003, Vol. 345 Issue 31674, p3
Reports on the decline in bond prices of tobacco in the U.S. as of July 2003 following a law suit filed by an accuser. Details of the case; Impact of the case on tobacco bond prices; Comments of the analyst of Fitch Ratings Inc. over the issue.
- Tobacco Move Doesn't Faze Virginia. Vadum, Matlhow; Albanese, Elizabeth // Bond Buyer;5/11/2005, Vol. 352 Issue 32130, p1
The article reports that the tobacco bond prices were slightly sluggish yesterday following the news that major tobacco companies have entered into arbitration, hoping to win permission to lower payments they make to states under the terms of the 1998 Master Settlement Agreement (MSA). The...
- Judge in N.C. Lifts Stay, Allowing Farmers to Receive MSA Payments. DeSue, Tedra // Bond Buyer;10/11/2005, Vol. 354 Issue 32235, p39
Reports on the ruling of Ben Tennille, a North Carolina special superior court judge, allowing tobacco farmers one step closer to receiving Phase II Tobacco Settlement payments under the 1998 Master Settlement Agreement with major tobacco companies. Use of the money from the final Phase II...
- Rare Decision in Federal Tobacco Case Has Little Effect on Bond Prices. Albanese, Elizabeth // Bond Buyer;6/29/2004, Vol. 348 Issue 31915, p4
Reports that U.S. tobacco bond prices remained steady during trading on June 28, 2004 following a federal judge's decision to allow an appellate court to review an earlier decision that would permit the federal government to sue tobacco companies. Share value of tobacco companies after the...
- Tobacco Co. Merger Won't Shrink Bond Payments. Colomer, Nora // Structuredfinancenews.com;12/17/2014, p7
The article reports on the impact of the pending acquisition of Lorrilard Tobacco Co. of Reynolds American Inc. on the number of original participating manufacturers (OPMs) in the Tobacco Master Settlement Agreement. It is inferred that the pending purchase has decreased bond payments. However,...
- Rhode Island $618 Million Tobacco Bond to End Seven-Month Delay. // Bond Buyer;3/4/2015, Vol. 1, p1
Rhode Island is set to issue $618 million of tobacco bonds next week, which would end a seven-month delay caused by a legal challenge from OppenheimerFunds Inc.
- High Court OKs 'Light' Cigarette Suits. Dutton, Audrey // Bond Buyer;12/16/2008, Vol. 366 Issue 33024, p1
The article reports on the move of the Supreme Court to lift a legal barrier to the tobacco lawsuits filed over the allegedly deceptive marketing of light cigarettes. It notes that the lifting allows for suits based on certain state deceptive practice laws to move forward. Matt Fabian, managing...
- Tobacco Bonds Changing Hands at Relatively Low Yield Levels. Albanese, Elizabeth // Bond Buyer;6/15/2005, Vol. 352 Issue 32154, p37
This article presents information related to tobacco bonds that continue to trade at the lowest yields in recent memory, but according to a report by Prudential Equity Group LLC, the long-awaited decision in the Price versus Philip Morris U.S. lawsuit may not be handed down until as late as this...
- Tobacco Stocks Fall, But Bonds OK After Florida Court Decision. Albanese, Elizabeth // Bond Buyer;5/13/2004, Vol. 348 Issue 31883, p1
Reports on a drop in the stock prices of tobacco companies. Florida Supreme Court's decision to hear arguments that could reverse the dismissal of a $145 billion judgment against the tobacco industry; Effect of the news on tobacco settlement bond prices; Benefit to stockbrokers of volatility.