Terms Of The Multistate Tobacco Settlement
Listed below are the general terms of the tobacco settlement:
- Tobacco companies will pay $206 billion over the next 25 years to compensate states and smokers for smoking-related disease and to fund smoking-cessation and educational programs.
- States' attorneys general and class-action attorneys will not be allowed to file lawsuits against the industry. Individual smokers can file suits, and, if they win, they will be paid out of the compensatory-damages fund. No punitive-damage claims for past industry misdeeds will be allowed.
- Cigarette vending machines will be banned.
- The companies will pay fines if youth smoking does not decline by 30 percent in five years, by 50 percent in seven years, and by 60 percent in 10 years.
- Ads with cartoon characters (such as Joe Camel) are banned.
To read the entire settlement, click here.
If you or a loved one is a victim of a tobacco related injury, call Law Office of George A. Malliaros now at 800-856-4449 or CLICK HERE TO SUBMIT A CASE FORM. The initial consultation is free of charge, and if we agree to accept your case, we will work on a contingent fee basis, which means we get paid for our services only if there is a monetary award or recovery of funds. Don't delay! You may have a valid claim and be entitled to compensation for your injuries, but a lawsuit must be filed before the statute of limitations expires.
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