Wall Street Receives Nearly Half of Tobacco Money From 1998 Settlement

By Editorial Staff | 09/11/2014
Each April, cigarette manufacturers pay states billions of dollars to reimburse them for the health-care costs of smoking. About $100 billion has been paid so far, all under a landmark 1998 legal settlement with Big Tobacco. The payments are to go on forever as long as people smoke. Much of the money, however, doesn’t go to…

Investors Haul In Nearly Half the Tobacco Settlement Cash