Delay Sought in N.J. Tobacco Deal Suit To Accommodate New Administration

Cataldo, Adam L.
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p28
Trade Publication
This article reports that the New Jersey attorney general's office wants additional time to file its brief in a lawsuit over a proposed tobacco bond deal totaling more than $2.1 billion. The lawyers have asked for more time so that the administration of newly elected Governor Jon Sheridan can become familiar with the case. Peter Aseltine, a spokesman for the attorney general's office, said that if the court agrees, the state would have until March 9 to file its brief. The suit was filed in 2005 on behalf of Senate Minority Leader Leonard Lance, and Assembly Minority Leader Alex DeCroce, as well as others who opposed the tobacco settlement debt restructuring.


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