Reports Predict a Long Wait for MSA Payment Resolution

Albanese, Elizabeth
July 2006
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p40
Trade Publication
The article discusses research reports by two U.S. banks stating that it would take more time before a determination is made on whether tobacco companies owe states money withheld earlier from the 2006 Master Settlement Agreement (MSA) payments. Payments to states under the terms of the MSA back around $25 billion of outstanding municipal tobacco bonds. The reports include one authored by Kurt van Kuller of Merrill Lynch & Co. and another by Jerry Solomon of Bear, Stearns & Co.


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