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Philip Morris pays $3.5 bln under tobacco settlement
April 16, 2012 / 3:35 PM / 6 years ago

Philip Morris pays $3.5 bln under tobacco settlement

April 16 (Reuters) - Altria’s Philip Morris said it paid $3.5 billion to U.S. states under the 1998 tobacco settlement, Spokesman Steve Callahan said on Monday.

The company is disputing $206 million of that payement, which it has put into escrow, he said.

In 1998, cigarette-makers agreed to pay more than $200 billion to states to help pay the health bills of ailing smokers.

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