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Headlines Tagged with ITG Brands 109 headlines found

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VIDEO: Minnesota Files Lawsuit to Get Tobacco Company To Pay Up

A lawsuit has been filed against ITG Brands, a company that acquired big tobacco brands like Kool, Winston, Salem and Maverick. The suit claims ITG "has not joined the state's tobacco settlement and payments are not being made on sales of the transferre
KSTP-TV 5 (Saint Paul, MN)
added Mar 29, 2018 01:20
36 Views

Minnesota Says Tobacco Company Is Balking at Payments

Minnesota sued the $7 billion tobacco company that acquired the Kool, Winston, Salem and Maverick brands from the merger of R.J. Reynolds and Lorillard, claiming it is not making multimillion-dollar annual payments required by a settlement agreement. Min
Courthouse News
added Mar 26, 2018 15:51
35 Views

Florida judge rules Reynolds retains MSA payment responsibility for four sold brands

At stake is $78 million in MSA payments that Florida has been due since the June 2015 closing of Reynolds’ $29.25 billion purchase of Lorillard Inc., Attorney General Pam Bondi said. Reynolds divested Kool, Salem and Winston, while Lorillard divested Ma
Winston-Salem (NC) Journal
added Jan 1, 2018 11:49
23 Views

Judge orders R.J. Reynolds to keep paying Florida millions

When Bondi filed the suit last January, she said Florida was already owed $45 million and could lose $30 million a year going forward. Gillen said until R.J. Reynolds has its obligation to pay Florida transferred to Imperial Tobacco Group, it must continu
Columbus (IN) Republic
added Dec 28, 2017 22:59
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Bouchard: Tobacco Company Still Responsible for Florida Settlement Payments

The Delaware Court of Chancery on Thursday blocked an attempt by tobacco company ITG Brands to extricate itself from a dispute over $30 million in annual settlement payments owed to the state of Florida after the company acquired four popular brands of ci
Law.com
added Dec 28, 2017 22:58
7 Views

State of Florida v American Tobacco Company, et.al. (PDF)

Reynolds is still obligated to make the payments pursuant to the Florida Agreement unless and until it is able to have Imperial (or some other entity) actually become its true "successor" or true "assign."
Florida Attorney General's Office
added Dec 28, 2017 16:34
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Court Orders Tobacco Company to Honor Florida’s Historic Tobacco Settlement

After the June 2015 sale, RJR stopped making payments on these brands, costing the state an estimated $30 million a year in perpetuity. “Today’s ruling will ensure Florida’s landmark tobacco settlement is honored and our state receives the money it is ow
Florida Attorney General's Office
added Dec 28, 2017 15:39
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[Florida, North Carolina] Reynolds gains partial win in dispute over MSA payments

received a partial, but pivotal, legal victory last week in its fight against making millions of dollars in annual Master Settlement Agreement payments to Florida on traditional cigarette brands that it no longer owns. Andre Broussard, a chancellor in th
Winston-Salem (NC) Journal
added Dec 7, 2017 23:38
15 Views

[Florida] Reynolds Wins Ruling Over ITG In Fla. Tobacco Fee Dispute ($$)

ITG Brands LLC lost out on Thursday in a dispute over whether or not it’s obligated to keep trying to reach a deal with Florida over costs tied to its $7 billion dollar purchase of four cigarette brands from R.J. Reynolds Tobacco, after Delaware’s Chancer
Law360
added Dec 5, 2017 17:52
19 Views

[Florida] Reynolds gains partial win in legal case vs. ITG Brands

received a partial, but pivotal, legal victory Thursday in its effort to settle which tobacco manufacturer is responsible for making $30 million in annual Master Settlement Agreement payments in Florida on four traditional cigarette brands.
Winston-Salem (NC) Journal
added Dec 5, 2017 16:41
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