TITLE

Firms Put MSA Money In Escrow

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/18/2006, Vol. 356 Issue 32362, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20597442

 

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