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Headlines Tagged with Settlements 14,542 headlines found

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‘Tobacco securitization’ and what it would mean for Kansas

Critics say tobacco bonds carry long-term risks for states / Brownback says tobacco bonds will allow the state to avoid painful cuts next year
Wichita (KS) Eagle
added Apr 23, 2016 20:18
4 Views

Children’s Advocate Opposes Kansas Tobacco Settlement Proposal

The head of a Kansas advocacy group opposes a plan to sell off part of a tobacco lawsuit settlement. The annual payments from the settlement fund children’s programs. The proposal from Gov. Sam Brownback would sell off part of the payments in exchange f
KMUW 89.1 Wichita (KS) Public Radio
added Apr 22, 2016 19:33
3 Views

Puerto Rico Sets Sights on Tobacco Bonds in Long-Shot Money Grab

As Puerto Rico tries to cut its $70 billion of debt, investors are learning nothing is off-limits, with even constitutionally guaranteed general obligations staring down losses. While Governor Alejandro Garcia Padilla has yet to halt any payments -- and
Bloomberg News
added Apr 20, 2016 15:03
16 Views

Missouri lost $50 million because lawmakers didn't act on tobacco lawsuit

Inaction by the Republican-led House and Senate on a landmark tobacco lawsuit has come at a cost of $50 million to the state budget. Under an agreement inked by Attorney General Chris Koster earlier this year, the Legislature had until last week to put t
St. Louis (MO) Post-Dispatch
added Apr 20, 2016 01:16
29 Views

[Texas] Historic tobacco case revisited: biggest litigation win ever or a complete scam?

Teen smoking plummeted, but cigarettes are just as addictive and dangerous and the tobacco companies are more profitable than ever. The trial lawyers representing Texas got filthy rich. And Dan Morales? He married a former exotic dancer, lost his bid f
Dallas Morning News
added Apr 16, 2016 11:19
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'Your boss is a crook!' The phone call that sent Texas AG Dan Morales to prison

Potter refused to discuss the tobacco litigation and his role in the criminal investigation of Morales for 18 years. This week, he gave a series of exclusive interviews to The Texas Lawbook on the 20th anniversary of the filing of the Texas tobacco lawsui
Dallas Morning News
added Apr 16, 2016 11:19
8 Views

decline in cigarette sales highlights past misuse of tobacco settlement funds in some states

many states misused their funds from the tobacco settlement in the first place. Those shortsighted states not only shortchanged their tobacco cessation and prevention efforts, but now have to pay off ill-conceived bond issuances with a shrinking revenue s
Truth Initiative (American Legacy Foundation)
added Apr 16, 2016 11:03
14 Views

As cigarette sales shrink, so do tobacco settlement payouts to states

"This year, for fiscal year 2016, the states will collect over $25 billion from the settlement and tobacco taxes combined — all tobacco-related revenue," said John Schachter..."And yet they've budgeted less than 2 percent of that — not even $500 million
Marketplace (American Public Media)
added Apr 15, 2016 11:55
3 Views

EDITORIAL: Our View: Texas Supreme Court says smaller tobacco companies also must pay

Why you should care: Tobacco is a destructive product to its consumers, but all companies should share equally in reimbursing states for costs for its health damages.
Lubbock (TX) Avalanche-Journal
added Apr 15, 2016 11:54
7 Views

2 tribes, state of Kansas enter into cigarette-sale compacts

come July 1, the Prairie Band Potawatomi Nation and the Iowa Tribe of Kansas and Nebraska must share their accounting with the state under tribal-state compacts that passed unanimously in the Kansas Legislature and were signed by Gov. Sam Brownback on Wed
Winfield (KS) Courier
added Apr 8, 2016 04:20
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