Appellate Court: Vacate Partial Settlement Award In Tobacco Litigation
(October 6, 2015, 12:25 PM EDT) -- ANNAPOLIS, Md. — A July 2014 decision by the Baltimore County Circuit Court to let stand a judicial arbitration panel’s reallocation of a nonparticipating manufacturer (NPM) “adjustment” among six states deemed not diligent in enforcing escrow statutes under the Master Settlement Agreement (MSA) of nationwide tobacco litigation was error, the Maryland Court of Special Appeals ruled Oct. 2 (State of Maryland v. Philip Morris Inc., et al., No. 1256, Md. Spec. App.).
(Decision available. Document #04-151021-006Z.)
Accordingly, the appellate panel of Judges Alexander Wright Jr., Michael...