Tobacco Firms Avoiding Payments: Report

Albanese, Elizabeth
June 2006
Bond Buyer;6/22/2006, Vol. 356 Issue 32408, p1
Trade Publication
The article discusses the Brattle Group's report which claims that tobacco companies that failed to sign the 1998 Master Settlement Agreement (MSA) have become adept at avoiding payment into state-handled escrow accounts mandated under the deal. Under the MSA, participating manufacturers should pay 46 states and six territories $245 billion over a period of no fewer than 25 years. The report concludes that participating in the MSA was a deciding factor in market share losses by companies that signed on the settlement.


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