The Supreme Court on Tuesday refused to consider the case of three small cigarette companies trying to avoid making payments to 30 state governments following the $206 billion settlement between the states and the four industry leaders in 1998. After that settlement was reached, each of the 30 states passed a law requiring companies that didn’t participate to pay money into escrow funds to satisfy future damage awards. The three small companies alleged each state’s escrow statute violated antitrust law.
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Posted on Wednesday, October 11th, 2006. Filed under: Law Misc, Litigation
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The Supreme Court on Tuesday refused to consider the case of three small cigarette companies trying to avoid making payments to 30 state governments following the $206 billion settlement between the states and the four industry leaders in 1998. After that settlement was reached, each of the 30 states passed a law requiring companies that didn’t participate to pay money into escrow funds to satisfy future damage awards. The three small companies alleged each state’s escrow statute violated antitrust law.
Popularity: 1% [?]
Posted on Wednesday, October 11th, 2006. Filed under: Business Law, Law Misc
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