Missouri Loses Tobacco Case In Arbitration

Photo courtesy of wikicommons
Photo courtesy of Wikimedia Commons

A three-judge arbitration panel ruled in favor of more than 30 cigarette manufacturers in their claims against Missouri, Indiana, Kentucky, Maryland, New Mexico and Pennsylvania.

The tobacco companies alleged the six states failed to diligently enforce state tobacco laws in 2003, and as a result the companies were entitled to a refund of funds paid out under a 1998 tobacco settlement agreement. Missouri’s share of the 2003 payment from the tobacco companies was about $150 million, according to a statement from Attorney General Chris Koster’s office. Koster said his office is reviewing the order to determine how much the state will have to refund. That amount will be deducted from the companies’ April 2014 settlement payment to the state.

Read more from the St. Louis Business Journal


Tags:, ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more