|
Source: WINSTON-SALEM JOURNAL, 12/7/17
R.J. Reynolds Tobacco Co. received a partial, but pivotal, legal victory last week in its fight against making millions of dollars in annual Master Settlement Agreement payments to Florida on traditional cigarette brands that it no longer owns. Andre Broussard, a chancellor in the Court of Chancery in Delaware, ruled Nov. 30 that ITG Brands LLC — the current owner of the brands — has not met its obligation “to use its reasonable best efforts to reach an agreement with Florida” on assuming responsibility for the MSA payments. For more of this story, click here.
|