New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2013
07:18 EDTLOLorillard comments on agreement to resolve MSA payment adjustment disputes
On December 18, Lorillard Tobacco, along with other participating manufacturers, agreed to a term sheet with 17 states and the District of Columbia and Puerto Rico that resolves disputes under the 1998 Master Settlement Agreement involving payment adjustments relating to nonparticipating manufacturers. The settlement would resolve the claims for the years 2003 through 2012 and would put in place a new method for calculating this adjustment beginning in 2013. If the settlement proceeds and is approved, Lorillard Tobacco expects to receive credits over the next five years totaling at least $196M on its outstanding claims, with the majority of the credits occurring in April 2013 and the remainder over the following four years. As of February 11, 2013, the arbitration panel has not made its ruling with regard to the settlement. No amounts have been included in 2012 results related to this settlement. Certain non-settling states have objected to the request for approval.
News For LO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 22, 2015
11:59 EDTLOAppeals court ruling mixed for cigarette makers, WSJ reports
Subscribe for More Information
May 21, 2015
15:44 EDTLOReynolds-Lorillard deal expected to receive FTC clearance next week, WSJ says
Subscribe for More Information
15:25 EDTLOLorillard, Reynolds American deal expected to be cleared by FTC, DJ reports
Subscribe for More Information
May 15, 2015
16:28 EDTLOAppaloosa Management gives quarterly update on stakes
Subscribe for More Information
10:34 EDTLOOptions with increasing implied volatility
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use