Market Overview

Philip Morris USA Announces Deal with 19 States on MSA

Related MO
Stocks Hitting 52-Week Highs
Altria Supports Anheuser-Busch InBev's £42.15/Share Proposal for SABMiller
Fund Managers Like These Dividend Stocks: Should You? (Investor's Business Daily)

Philip Morris USA Inc. (PM USA) and other cigarette manufacturers have reached an agreement with nineteen states to resolve long-standing disputes related to the Non-Participating Manufacturer (NPM) adjustment provisions of the Master Settlement Agreement (MSA).

The jurisdictions that have agreed to join are Alabama, Arizona, Arkansas, California, District of Columbia, Georgia, Kansas, Louisiana, Michigan, Nebraska, Nevada, New Hampshire, New Jersey, North Carolina, Puerto Rico, Tennessee, Virginia, West Virginia and Wyoming (collectively, the states).

Posted-In: News Legal


Related Articles (MO)

Get Benzinga's Newsletters