Word: tobaccos
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Dates: during 1990-1999
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...attorneys general of the states that won the settlement could hardly contain themselves. "This is the beginning of the end for this conspiracy of lies and deceptions that have been perpetuated on the American public by the tobacco companies," said Arizona's Grant Woods, who brought one of the first state suits that aim to recoup billions of dollars in Medicaid money spent on illnesses related to smoking. Attorney general Hubert ("Skip") Humphrey III of Minnesota emphasized the battles ahead: "This is like busting a street drug dealer to get the Colombia cartel. We are very serious about going ahead...
...ready to cave in, the tobacco giants call the agreement a lot of huffing and puffing and a desperate ploy by Liggett boss Bennett LeBow to cut his losses and possibly force another cigarette maker to buy him out. Liggett's deal is transferable to any acquiring tobacco company except Philip Morris. "The only ones who potentially benefit from LeBow's latest shenanigans are plaintiffs' lawyers," said a joint statement from the four major cigarette makers (Philip Morris, R.J. Reynolds, Brown & Williamson Tobacco and Lorillard), who account for 98% of U.S. tobacco sales. Through the first nine months...
...perhaps the most revealing statement, Liggett confessed that cigarette companies like itself have long aimed their pitches directly at teenagers--something the rest of the industry denies. Declared Matthew Myers, a lawyer for the National Center for Tobacco-Free Kids: "For 30 years the tobacco industry has said to anyone who will listen, 'We don't market our products to children,' despite the fact that virtually all new smokers start as children and are addicted before they are old enough to purchase the product legally. Today that claim is dead...
...Clinton White House, which has been seeking to ban the promoting and selling of cigarettes to children. For example, the Administration strongly backs new Food and Drug Administration rules that require smokers up to the age of 27 to show photo ID cards when buying cigarettes. (The regulations bar tobacco sales to anyone under the age of 18.) Said Vice President Gore, who greeted the Liggett deal as a breath of fresh air in a smoke-filled room: "It's about time the tobacco companies told the American people the truth...
...warning to smokers of all ages, Liggett will state on cigarette packs and in ads that smoking is an addictive habit. Liggett will also cooperate in suits against other tobacco companies and will allow its own employees to testify. Moreover, Liggett agreed to pay a quarter of its pretax profits to the states every year for the next 25 years, a promise not as impressive as it sounded. "Twenty-five percent of nothing is nothing," quipped one analyst...