The tobacco settlement created winners across multiple groups beyond the companies: private plaintiff attorneys received an estimated 25% of the roughly $200 billion total (some individuals earning a billion dollars), tobacco farmers were paid off—partly by the tobacco companies—to surrender their price floors and allow them to face less international competition, and states gained general-fund revenue.
factualpending
Speaker
Bruce YandleEvidence Quote
“there's something like the estimate of what will be paid by by the big four tobacco companies... is200 billion in total it's estimated that 25 % of that goes to the private attorneys”
Created: 6/15/2026, 9:20:30 AM
My Notes
Loading notes...