News & Insights

  • Clear

Virginia Secures Nearly $40 Million in Settlement with Defunct Tobacco Company

Virginia AG Mark Herring reached a settlement with defunct tobacco company S&M Brands Inc., a tobacco manufacturer that did not sign the 1998 Tobacco Master Settlement Agreement, to end S&M Brands’ responsibility under Virginia’s Non-Participating Manufacturers (“NPM”) statutes to establish and fund a Qualified Escrow Fund account controlled by the Commonwealth. According to the AG’s…

Read More