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Tobacco company also answers Arkansas claim regarding payments under master settlement agreement.
Jump to full article: National Association of Convenience Stores (NACS), 2009-09-30
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Intro: MAYODAN, N.C. – General Tobacco (GT) announced that it has appealed the interpretation of the Master Settlement Agreement (MSA) by the Superior Court of California. The company also answered a claim by Arkansas Attorney General Dustin McDaniel seeking payments from General Tobacco for products it sold before joining the MSA.
The continuing legal issue in both matters involves the fairness of the MSA which dictates that later market entrants, such as GT, have to pay the states substantially more than certain competitors pay.
J. Ronald Denman, GT executive vice president, said none of the largest cigarette companies, which were sued by the states for decades of misleading the public about the harms of tobacco products, paid anything for pre-MSA sales.
“In addition, to induce some of the oldest tobacco companies to join the MSA, the states agreed to yearly sales exemptions giving those companies hundreds of millions of dollars in free sales. GT was offered no such exemption and must pay the MSA for every sale made each year,” he said in a press release.
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