advertisement

Missouri attorney general urges changes to tobacco escrow law

Thursday, February 2, 2012 | 8:16 a.m. CST; updated 9:58 a.m. CST, Thursday, February 2, 2012

JEFFERSON CITY — Missouri Attorney General Chris Koster is renewing a call for lawmakers to change a state law related to a 1998 settlement with big tobacco companies.

Missouri has received $1.8 billion from tobacco settlement payments since 2001. But Koster said the state's payments could be at risk because Missouri is the only one of the 46 states that joined the settlement to have left open what he calls a "loophole."

At issue are state laws that require companies not participating in the settlement to pay money into escrow funds based on the amount of cigarettes they sell.

The escrow accounts are intended to cover any future lawsuits. But Koster says Missouri's law contains a loophole that allows much of the escrow money to be refunded to the tobacco companies.

 


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements