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General Tobacco Makes Annual Payment to MSA 

Notwithstanding the favorable treatment and discounts the states provide to its competitors, yesterday, General Tobacco was able to comply with its obligations under the 1998 Landmark Master Settlement Agreement (MSA) reached between the major tobacco companies and 46 states by making a payment of more than $96 million.

General Tobacco also chose to withhold more than $11 million to which it believes entitled as a reduction in its annual payment pursuant to a credit provision under the MSA due to the loss of market share it has experienced as a result of joining the MSA.

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