Oklahoma Sues Chinese Cigarette Maker Over Fund Payments

Albanese, Elizabeth
January 2005
Bond Buyer;1/3/2005, Vol. 351 Issue 32041, p5
Trade Publication
The article reports that Oklahoma Attorney General Drew Edmondson last week filed a lawsuit against a Chinese tobacco manufacturer for failing to make payments into a state escrow fund mandated under the 1998 Master Settlement Agreement (MSA). While Oklahoma does not have any outstanding tobacco debt, the state has dedicated its share of income from the MSA to health care and children's programs. The lawsuit alleges that Hongquiqu Group Anyang Cigarette Factory has violated state laws that require all tobacco manufacturers to either join the MSA or pay into a state-overseen escrow fund.


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