Market Overview

Philip Morris USA Announces Deal with 19 States on MSA

Related MO
5 Theses Behind Citi's Controversial Tobacco Call
Benzinga's Top Initiations
Altria Group Extinguished Roughly 67% of Its Unsecured Loan (GuruFocus)

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)

View Comments and Join the Discussion!