Word: settlements
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Rubenstone said that he was "not particularly" satisfied with the settlement, but Jacobowitz-who has just begun his first year at the Fordham University Law School in New York-stressed that "it's very nice to know it's over...
...business as unpopular as Big Tobacco. Although a provision was quietly slipped into last month's tax-cut legislation allowing tobacco companies to use the cost of a gradual 15-cent per pack increase ? some $50 billion ? as a credit towards the proposed $368.5 billion national settlement, Senators began to disown the plan once it was made public. Wednesday, the Senate overwhelmingly voted to squash it altogether. "This is the kind of thing that no Congressman wants to go on the record as having voted for," notes TIME's James Carney. The 95-3 vote showed that...
...FRANCISCO: R.J. Reynolds, owners of the Camel cigarette brand and its now-defunct cartoon icon Joe Camel, have signed a $10 million settlement with 13 Californian cities and counties. State attorneys, who filed the lawsuit in 1991, get their fees paid with $1 million of the settlement amount. The other $9 million will go toward anti-smoking education aimed at undoing Joe's influence among children. Surprisingly, R.J. Reynolds did not offer to pay off the settlement with Camel-embossed duffel bags and cigarette lighters...
Holley is uncertain how much of the settlement is public, but he emphasizes that no one admitted guilt. "I was not terminated," he says. "The paper had no reason to be upset with...
Analysts reckon the change is intended to discourage wholesalers from loading up their inventories because once those state costs are covered, the industry plans a really, really big increase to finance the proposed $368.5 billion national settlement currently being scrutinized by Congress and the White House...