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Altria's (MO -0.2%) Philip Morris pays up to $3.5B to U.S. states under a settlement from 1998...

Altria's (MO -0.2%) Philip Morris pays up to $3.5B to U.S. states under a settlement from 1998 in which tobacco firms agreed to pay over $200B to states to help finance the health bills of sick smokers. Altria is disputing $206M of the payment, which is now sitting in escrow.
Comments (2)
  • mostserene1
    , contributor
    Comments (3343) | Send Message
     
    Not sure why this moved the stock since they had the money in escrow for years, but so it goes.

     

    Long MO.
    16 Apr 2012, 02:19 PM Reply Like
  • buyitcheap
    , contributor
    Comments (1891) | Send Message
     
    Long MO because now the states are partners in making money from smokers.
    16 Apr 2012, 02:46 PM Reply Like
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