Investors Haul In Nearly Half the Tobacco Settlement Cash  

September 12, 2014

An updated tally by ProPublica shows that tobacco bondholders in the US are due $2.6 billion of the $6 billion in this year’s payouts to state and local governments from Big Tobacco

CEZARY PODKUL AND CLAIRE KELLOWAY (PROPUBLICA) 

Each April, cigarette manufacturers pay states billions of dollars to reimburse them for the health-care costs of smoking.

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