Transcription of The Master Settlement Agreement: An Overview
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The Master Settlement Agreement: An Overview
The Master Settlement agreement : An Overview / 1. The Master Settlement agreement : An Overview In the 1990s, several states sued the major cigarette manufacturers, including Philip Morris USA, R. J. Reynolds, Brown & Williamson, and Lorillard, to recover Medicaid and other costs the states incurred in treating sick and dying cigarette smokers. On November 23, 1998, the cigarette manufacturers, along with forty-six states and six other jurisdictions (the Settling States ), entered into what is called the Master Settlement agreement (MSA), the largest civil litigation Settlement in history.
The Master Settlement Agreement: An Overview / 3 . 2003, $8.14 billion from 2008–2017, and $9 billion in 2018 and each subsequent year in perpetuity.15 Importantly, calculations of annual payments are complex and are subject to a variety of potential adjustments and offsets, including an inflation adjustment and a
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