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Tobacco settlement talks break down
New York AP reports negotiations by Lorillard Tobacco and Liggett Group to reach a nationwide settlement shielding them from punitive damages have ended. The talks, tied to lawsuits from sick smokers health insurers and union funds, stopped after disagreements on major terms. Lorillard and Liggett had proposed large public health funds in exchange for immunity from punitive claims.
MENTIONED IN THIS ARTICLE
New York
Lorillard Tobacco
Liggett Group
U.S
Jack B. Weinstein
Brooklyn
John Coale
Washington
Lorillard
Newport
Kent
Liggett
Eve
Philip Morris
R.J. Reynolds Tobacco
Milstein