Word: recoups
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Dates: during 1990-1999
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State Attorney General L. Scott Harshbarger '64 is suing several of the same tobacco companies to recoup state Medicaid expenses, and the governor's office is conducting a multimillion dollar anti-smoking campaign...
While some incentives seem to pull in enough new jobs and taxes to recoup the lost revenues, other giveaways fail to do so. The pain is most acute when corporations pocket the money and then cut their work force or defect to a new location. New York City knows the feeling only too well. In a case that still rankles, it handed AT&T $20 million in tax relief in the 1980s, only to see the phone company later disconnect and move most of its corporate staff to New Jersey. Still, the city is frenetically defending its turf with handouts...
...YORK City hotel, after two adversaries agreed to settle a hard-fought case about defective plumbing pipes. "What are you going to do next?" New York attorney Marc Kasowitz asked. Don Barrett, a Mississippi lawyer, explained that he was involved in his state's lawsuit to recoup Medicaid money spent treating smoking-related illnesses. Kasowitz quizzed him, but, says Barrett, "I didn't realize he was the personal friend and attorney for Ben LeBow." Not until a few weeks later, that is, when Kasowitz called Barrett to arrange a meeting and floated the news that his client, Bennett LeBow, majority...
...beaten a couple of kids up, nobody dares take you on. But the moment the kids say, 'We can take him if we band together,' the bully is finished." It helps too that the new legal strategy of states filing third-party claims against the tobacco companies to recoup the Medicaid dollars spent treating smoking-related illness involves possible monetary settlements--and legal fees--so huge that anti-tobacco litigation is now attracting the top guns of tort law. To date, five states--Florida, Minnesota, Mississippi, West Virginia and Massachusetts--have filed such suits. Maryland plans to join the fray...
...country where wages average about $2.60 an hour, that's all the market will bear. Even Europeans pay less for drugs than Americans do, because their governments control the price. In the largely unregulated U.S. market, drug companies have successfully defended high prices by arguing that they need to recoup tens of millions of dollars in research costs...