TITLE

Vermont Is Site of Latest Win in Firms' Push for MSA Arbitration

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/18/2006, Vol. 357 Issue 32424, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the ruling of the Chittenden Superior Court in Vermont that compelled the state to submit to a binding arbitration with tobacco companies to reduce the 2006 payments made to the stats under the terms of Master Settlement Agreement (MSA) of 1998. As the state filed a lawsuit to force tobacco companies to pay in full their payments to the state, the industry asserted that they are authorized to reduce their annual payments under the terms of MSA.
ACCESSION #
21691373

 

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