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Latest Tobacco Master Settlement Agreement Stories

2009-07-07 09:08:00

PETERSBURG, Va., July 7 /PRNewswire-FirstCall/ -- Star Scientific, Inc. (Nasdaq: STSI) announced that its trial counsel has filed a motion for Judgment as a Matter of Law and In the Alternative, for a New Trial, with the US District Court in Maryland. The motion requests the Court to set aside the June 16th jury verdict that was reached at the conclusion of the trial of Star's patent infringement lawsuit against RJ Reynolds Tobacco Company (RJR), and to grant Star a new trial. The motion...

2009-06-16 17:28:00

PETERSBURG, Va., June 16 /PRNewswire-FirstCall/ -- Star Scientific Inc. (Nasdaq: STSI) announced today that the jury in the trial of the company's patent infringement lawsuit concluded its deliberations. The jury found that the two Star patents at issue in the case were not valid, and were not infringed. The company issued the following statement: Our counsel will file a motion with the US District Court for Judgment as a Matter of Law or a New Trial within the next ten days. If that motion...

2009-04-01 16:55:00

NEW YORK, April 1 /PRNewswire/ -- Philip Morris USA, a unit of Altria Group, Inc., announced in early March that it would raise tobacco prices yet again. Philip Morris claimed that the price increase was necessary to address floor stock taxes brought about by the Federal Excise Tax (State Children's Health Insurance Program - SCHIP) legislation passed in February 2009. In fact, Philip Morris's price rise was three weeks ahead of the SCHIP tax increase. "This is just big companies using...

2009-03-09 10:45:00

PETERSBURG, Va., March 9 /PRNewswire-FirstCall/ -- Star Scientific, Inc. (Nasdaq: STSI) announced that the United States Supreme Court today denied the petition for a writ of certiorari filed with the Court by RJ Reynolds Tobacco Company (RJR). RJR had filed its petition for review on January 16, 2009 as part of its defense of the patent infringement lawsuits filed by Star Scientific, Inc. against RJR in 2001 and 2002. The Supreme Court petition arose from a bench trial that was held in...

2009-01-12 14:33:00

MINNEAPOLIS, Jan. 12 /PRNewswire/ -- In an urgent message to Congress and President-Elect Barack Obama, the National Association of Tobacco Outlets (NATO) and two other national wholesale trade associations have taken out an ad warning of "economic disaster" for state economies and American jobs should tobacco taxes be raised to fund the expansion of the State Children's Health Insurance Program (SCHIP). "The politicians in Washington who are pushing for a punitive 156 percent...

2008-09-17 15:00:26

Star Scientific, Inc. (NASDAQ:STSI) has hired Roger Grogman, former Corporate Vice President of Marketing for the McLane Company, Inc., on an exclusive basis to consult with the company on marketing programs for its very low-TSNA dissolvable smokeless products, Ariva(R) and Stonewall(R). McLane Company, owned by Berkshire Hathaway, is the largest distribution company in the convenience store market in the United States. Mr. Grogman has extensive experience in marketing program development....

2008-07-31 12:00:48

LEVIS, QUEBEC--(Marketwire - July 31, 2008.) - The Honourable Gordon O'Connor, Minister of National Revenue today announced that the federal and all provincial governments have entered into civil settlement agreements with Imperial Tobacco Canada Ltd. and Rothmans, Benson & Hedges to resolve all potential civil claims they may have in relation to the two companies' role in the movement of contraband tobacco in the early 1990s. In addition to the civil settlement, the two companies each...

2008-07-26 03:00:27

By Ken Lauterstein klauters@aol.com 703-723-3973 The International Tobacco Growers Association describes tobacco as "the world's most widely cultivated non-food crop." While the total amount of tobacco farmed in Virginia continues to decrease (25,000 acres in 2005), it still is ranked No. 1 for cash receipts for a Virginia crop ($89,523,000). The tobacco harvest is decreasing in Virginia partly because of health concerns and because manufacturers (cigarette companies) are importing...

2008-04-02 03:00:00

By Farrelly, Matthew C Engelen, Mark; Franks, Peter; Jerant, Anthony F; Leigh, J Paul We read the provocative article by Franks et al. with great interest, because it concludes that since the 1998 Master Settlement Agreement (MSA) between states and tobacco companies, there has been a "dramatic decline in the effect of cigarette pack prices on smoking participation in both lower- and higher-income individuals."1(p1876) We were impressed with the authors' thoughtful analytic approach but...

2006-04-17 17:39:29

By David Lawder WASHINGTON (Reuters) - R.J. Reynolds Tobacco Co. and Lorillard Tobacco Co. on Monday disputed part of their settlement obligations to U.S. states, paying $755 million into special escrow accounts. The actions, prompted by falling market share, effectively reduce the funds that are immediately available to the 46 states in the Master Settlement Agreement (MSA) for debt service, health care costs and other uses. R.J. Reynolds, a unit of Reynolds American Inc., said it...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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