TITLE

Judge Denies N.Y. Tobacco Escrow Plan

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on New York Tobacco Escrow Plan. U.S. District Judge told New York officials that they could not enforce laws that require small tobacco manufacturers to pay into escrow funds of states in which they don't sell cigarettes, but upheld the validity of the Master Settlement Agreement (MSA). Freedom Holdings and other small tobacco manufacturers want the courts to rule that the MSA is illegal because they say it violates antitrust laws. Although the case was originally dismissed at the district court level, an appellate court sent the lawsuit back for a hearing.
ACCESSION #
14422232

 

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