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Idaho Reaches Multi-Million Dollar Settlement with Tobacco Companies
4.22.24 - [BOISE] – Attorney General Raúl Labrador announced Friday a multi-milliondollar settlement with several tobacco companies. The settlement resolves years of litigation among the tobacco companies and Idaho concerning Idaho’s right to funds from the 1998 Tobacco Master Settlement Agreement.
This settlement resolves the claims over disputed funds from the years 2005 to the present, as well future claims to such funds through the year 2031. In 2024, Idaho will receive more than $74 million, which includes not only this year’s annual payment, but also a percentage of the disputed funds for past years.
“By reaching this settlement, Idaho resolves all past disputes and future potential disputes for the next several years,” Attorney General Labrador said. “This settlement avoids decades of expensive litigation and eliminates risk that could threaten millions of dollars of Idaho’s annual MSA payment. I’m committed to ensuring that the tobacco companies meet their obligations to Idaho under the MSA without delay or uncertainty.”