Tobacco Companies Resolve Texas Settlement Dispute Over Liability For Sold Brands

Mealey's (June 1, 2021, 10:57 AM EDT) -- TEXARKANA, Texas — The state of Texas and three tobacco companies on May 26 filed a notice of settlement in a Texas federal court resolving a dispute over liabilities to the state under its 1998 settlement with the tobacco industry, under which a new company will become a party to the settlement going forward and the companies collectively will pay Texas more than $200 million to resolve settlement liabilities dating back to 2015....