Home » Economy » RJR must pay $100M in Big Tobacco settlement
RJR must pay $100M in Big Tobacco settlement
Flavored e-cigarettes officially banned
Flavored e-cigarettes have officially been banned while menthol and tobacco flavors are exempt. FOX Business’ Susan Li with more.
A Florida appeals court ruled Wednesday that R.J. Reynolds Tobacco Co. must pay $102 million to settle a lawsuit between the state of Florida and four tobacco companies dating back to 1995.
Continue Reading Below
RJR argued that it should not be subject to any more payments related to four of its since-sold cigarette brands — Salem, Winston, Kool and Maverick — as part of a 1997 settlement that offered tobacco companies liability protections if they agreed to pay Florida hundreds of millions of dollars annually to cover smoking-related health care costs.
"We find, simply put, that a contract is a contract, and that Reynolds continues to be liable under the contract it signed with the State of Florida," the decision by the Florida District Court of Appeal reads.