High Court Declines to Hear Tobacco Case

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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High Court Declines to Hear Tobacco Case

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% [?]

Related Posts


Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>




Most Recent Posts