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Headlines Tagged with Settlements 14,529 headlines found

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Kansas Lawmakers Pass Bill in Bid to Stop Court From Closing Schools

Kansas lawmakers passed an education funding bill on Friday night...took millions from other sources, including from the state’s motor vehicle fees and the state’s revenues from a national settlement with tobacco companies.
New York Times
added Jun 25, 2016 15:45
4 Views

OLSON: “Oil as the new tobacco” — and what that might mean

The public-sector tobacco litigation fell out of favor as a policy model because it was the scene of vast corruption fueled by the availability of billions in fees to politically favored private lawyers ; because of its grotesque violations of elemental l
Overlawyered.com/
added Jun 24, 2016 04:30
14 Views

What happened to Mississippi’s tobacco lawsuit money?

The Great Recession happened. Budget problems happened. The body of the trust fund was whittled away year by year. And now, the health care trust fund has been drained dry. The budget summary from the 2016 legislative session shows the fund will have a
AP - Associated Press
added Jun 20, 2016 19:16
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[Mississippi] Health care trust fund whittled away

Although the payments to the state are supposed to continue as long as the tobacco defendants are in business, the winnings were often expressed in easy-to-digest terms: Mississippi would receive about $4 billion over the first 25 years. In 1999, legisl
Corinth (MS) Daily Corinthian
added Jun 19, 2016 11:11
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Michigan uses well-worn tactic in shifting tobacco cash

It will shift more than a quarter of the state's $250 million annual payment from tobacco companies to Detroit schools. The move is the latest in a long line of tapping the legal settlement when the governor and lawmakers are in a pinch for money.
AP - Associated Press
added Jun 18, 2016 18:56
2 Views

[Oklahoma] Tobacco trust hires former GOP officeholder for $250K a year

An attorney and former Republican officeholder from Edmond has been hired as the new chief executive officer of Oklahoma's Tobacco Settlement Endowment Trust at an annual salary of $250,000 per year. The trust's governing board announced Tuesday the
AP - Associated Press
added Jun 17, 2016 19:57
2 Views

[Oklahoma] Settlement Endowment Trust governing board for hiring a new chief executive officer a $250,000 salary

Oklahoma's governor is criticizing the state's Tobacco Settlement Endowment Trust governing board for hiring a new chief executive officer at $250,000 a year. Gov. Mary Fallin on Thursday said she has instructed Health and Human Services Secretary Terry
AP - Associated Press
added Jun 17, 2016 02:21
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Higher California Smoking Age Latest Blow to Tobacco Bonds

California's new, higher legal smoking age heralds more trouble for tobacco securitization debt, said an analyst who has followed the sector for years. The legal tobacco purchase age in California rose to 21 years old on June 9. "As an analyst covering
Bond Buyer Online
added Jun 17, 2016 02:18
8 Views

Fitch Withdraws All Ratings Assigned to U.S. Tobacco ABS

Fitch Ratings withdraws all ratings assigned to U.S. tobacco settlement asset-backed securities and has retired the criteria titled 'U.S. Tobacco Settlement ABS Criteria'...the individual, custom modifications (by several participants) to material calcula
Business Wire
added Jun 15, 2016 21:50
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Missouri’s Dueling Tobacco-Tax Initiatives

the state with the nation’s lowest cigarette excise tax, has not one, but two proposals to increase that rate. Even more surprising, both initiatives are being supported by different cigarette manufacturers,
Convenience Store/Petroleum (CSPNet)
added Jun 9, 2016 05:17
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