Abstract        Â
In this newspaper we touch on the economic issues of the 1997 tobacco blockage and the proposed legislation that was used to practisetle tobacco litigation in the United States. With settling the lawsuit in return for assess increases, the Resolution was a great example of a win-win deal. The taxes would damage the companies closely $1 billion per year, but the government about $13 billion per year, and allow the lawyers involved to claim fees establish on hundreds of billions in damages. We found that alternative taxes would be considerably greater to those proposed. Contrary to conventional wisdom, youth smokers ar especially valuable to the companies, so marketing restrictions are a sensible part of any deal. The individual state settlements set very dangerous examples which could open up unprecedented opportunities for secret approval throughout the economy, and the multi state settlement of November 1998 is evenly flawed. The fees proposed for the lawyers (around $15 billion) and the equally astonishing proposed payoff for Liggett (perhaps $400 million annually, for a caller-out with a prior market value of about $ light speed million) also set terrible examples. We finish up with near our views about how public policy will do better.
ABSTRACT Â Â Â Â Â Â Â Â 2
INTRODUCTION Â Â Â Â Â Â Â Â 4
THE hold         4
THE RESOLUTIONS Â Â Â Â Â Â Â Â 5
THE FOOD AND DRUG ADMINISTRATION Â Â Â Â Â Â Â Â 5
THE TEAMS OPINION Â Â Â Â Â Â Â Â 6
CONCLUSION Â Â Â Â Â Â Â Â 6
REFERENCES Â Â Â Â Â Â Â Â 7
APPENDIX A Â Â Â Â Â Â Â Â 8
Introduction
In this paper we will be discussing a case on The tobacco Deal that was conceived in 1997. The major players in this case were the flush five largest tobacco manufacturers (Brown & Williamson Tobacco Corporation, Lorillard Tobacco Company, Philip Morris Incorporated, R.J. Reynolds Tobacco Company, Commonwealth Tobacco, and Liggett & Myers). Along with the public health shaping and Attorneys representing the states.
The Deal
        Overall the deal was brought against the tobacco...
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