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Headlines Tagged with Settlements 14,169 headlines found

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Indiana losing health funding over tobacco use

Indiana’s failure to “do the right thing” with money from the 1998 tobacco settlement has cost the state $63 million in health funding, a state lawmaker says. Indiana ranked 50th in per-capita funding from the Centers for Disease Control and Prevention a
AP - Associated Press
added May 26, 2014 05:29
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[Michigan] $200 Million Could Curb Pension Cuts in Detroit

Under the deal, the state would send $194.8 million from its so-called rainy day fund into Detroit’s retirement systems. That fund would be paid back over 20 years with revenue the state gets from tobacco settlements.
New York Times
added May 25, 2014 14:15
24 Views

[Canada, Arkansas] Six Nations tobacco company fined $30 million

Cigarette manufacturer Grand River Enterprises has been ordered to pay nearly $30 million to the State of Arkansas for failing to set money aside in escrow in lieu of its participation in a master settlement agreement. The state's Attorney General's Offi
Brantford (Ont) Expositor (ca)
added May 24, 2014 09:40
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[Michigan] FIRESTONE: The Koch Brothers Kick Detroit While It’s Down

with the support of Michigan’s Republican governor, Rick Snyder, the deal seemed to have a shot in the state legislature, which would be required to spend about $195 million of tobacco-settlement money on behalf of Detroit’s pensioners.
New York Times Blogs
added May 21, 2014 14:19
12 Views

Gross's Tobacco Bond Gain Shows Default Risk Defied: Muni Credit

High-yield tobacco debt issued by states and cities has soared 16.3 percent in 2014, beating all parts of the municipal market, Barclays Plc data show. Yields at 11-month lows are sparking demand for the junk-rated assets even as Moody’s Investors Servic
Bloomberg News
added May 20, 2014 12:57
18 Views

[Canada, Arkansas] Judge orders tobacco maker to pay state nearly $30 million

A Canadian tobacco company has been ordered to pay Arkansas nearly $30 million for failing to set money aside in escrow in lieu of participating in the tobacco Master Settlement Agreement. The state accused Grand River Enterprises of violating the law by
AP - Associated Press
added May 15, 2014 12:43
109 Views

Overview of Altria Group, Inc. and/or PM USA Tobacco-Related Litigation (PDF)

On April 22, 2014, the parties filed an amended proposed consent order and accompanying submission in the district court seeking entry of a revised agreement on the implementation details of the corrective communications remedy.
Altria Group, Inc.
added May 15, 2014 10:16
10 Views

Strategists Concerned Muni Investors Can t Manage Tobacco Bonds Risk

Rieger said that investors are mainly interested in tobacco bonds because they offer high-yields in a market where lack of supply has driven down municipal bond yields. Muni supply for 2014 totaled $89.34 billion as of April 30, compared to $122.7 billio
Bond Buyer Online
added May 9, 2014 15:51
12 Views

[Missouri] Big Tobacco Loses Another one, for $50M

A city judge partially vacated a 2013 arbitration ruling that cost Missouri $70 million from its annual tobacco settlement payment. Twenty-Second Judicial Circuit Judge Jimmie Edwards' ruling is expected to return nearly $50 million to the state's c
Courthouse News
added May 7, 2014 18:04
7 Views

Missouri Nets $50M On Big Tobacco Arbitration Reversal ($$)

A Missouri judge on Friday prevented the state from losing a roughly $50 million share of the massive 1998 government settlement with Big Tobacco, overturning a "clearly erroneous" arbitration ruling that shifted payouts to other states based on their ta
Law360
added May 7, 2014 13:30
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