Member Directory
Member Directory

Texas Reaches a $195 Million Settlement With Tobacco Companies

Texas Attorney General Ken Paxton announced a $195 million settlement agreement with a major tobacco company, according to a press release.

The 1998 Texas Tobacco Settlement Agreement states that major tobacco companies “must make annual payments to Texas to reimburse it for smoking-related health care costs.”

ITG Brands LLC acquired four cigarette brands from R.J. Reynolds Tobacco Company: Kool, Maverick, Salem and Winston in 2015.

Since then, neither brand paid the State of Texas the required settlement payment.

ITG Brands has now assumed the financial obligations and agreed to pay $195 million in back payments owed to Texas. 

Read the source article at Rio Grande Valley News & Weather

Find an Attorney

The National Trial Lawyers stands as an esteemed, exclusive association comprising top-tier trial attorneys nationwide. Whether you require a Civil Plaintiff Lawyer or a Criminal Defense Lawyer in your state, our network ensures access to premier legal expertise tailored to your needs.
Find Attorney

Read More Legal News

© Copyright 2022, All Rights Reserved | National Trial Lawyers
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram