Categories · Settlements
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(Recasts; adds details, background, byline) Jump to full article: Reuters, 2006-03-28 Author: Joan Gralla
Intro: An arbitrator ruled that cigarette makers lost market share as a result of a settlement reached with U.S. states, boosting the chance of them reducing the $6.5 billion payment owed next month, according to a copy of the decision obtained by Reuters on Tuesday.
However, U.S. states involved in the settlement have said they would fight in court if they lost. The states argue another requirement under the settlement was met because they collected funds from tobacco companies that did not sign it.
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