Firms Put MSA Money In Escrow

Albanese, Elizabeth
April 2006
Bond Buyer;4/18/2006, Vol. 356 Issue 32362, p1
Trade Publication
The article reports that tobacco producers R.J. Reynolds Tobacco Co. and Lorillard Tobacco Co. have jointly placed their 2006 Master Settlement Agreement payments into escrow accounts pending arbitration amounting to 755 million dollars. The consignation will determine how well participating states have enforced certain mandates of the agreement. The two companies along with Philip Morris USA Inc. belonged to the payments by smaller manufacturers or subsequent participating manufacturers class.


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