Categories · Lawsuits
· Settlements
Organizations · MSA (xfr to Settlements)
· Legacy
· Lorillard
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Jump to full article: dBusinessNews.com-Triad edition, 2003-03-24
Intro: Lorillard Tobacco Company ("Lorillard") announced today that it will utilize an escrow mechanism under the Master Settlement Agreement ("MSA") with respect to its payments to the National Public Education Fund (the "Fund") and the MSA Foundation because the American Legacy Foundation ("ALF") has in the past, and continues to date, to misapply the Fund in violation of the MSA. Moreover, ALF has made it clear that it intends to continue to engage in conduct that is prohibited by the MSA and that disqualifies ALF from acting as the MSA Foundation.
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