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• Court rules against New Mexico in tobacco settlement payment dispute 

Jump to full article: Associated Press (AP), 2008-09-09

Intro:

New Mexico is subject to nationwide arbitration in a dispute over whether tobacco companies can reduce their payments to states under a 1998 settlement with the industry, the state Court of Appeals ruled Wednesday.

The decision was a setback for New Mexico which had wanted a state judge to decide the matter or have it arbitrated in the state.

The Court of Appeals concluded that the tobacco settlement required the payment dispute to be handled by a single, nationwide arbitration panel, which is to be made up of three former federal judges.

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