A Jackson County judge is scheduled to hear a claim that R.J. Reynolds Tobacco Co. has underpaid the state of Mississippi at least $1 million in the tobacco settlement payments.
Jackson County Chancery Judge Jaye Bradley will preside Monday over the non-jury trial.
Attorney General Jim Hood sued in 2010 alleging R.J. Reynolds “misrepresentation and overstated 1997 base-year profit has resulted in artificially low payments to Mississippi for 2001 and for every year thereafter in which Mississippi was entitled to a net operating profits adjustment.”
The company was part of a tobacco master settlement agreement in 1997 that included 46 states. Mississippi’s share of the 25-year, $206 billion settlement with the 46 states is expected to be approximately $3.6 billion.
Topics Mississippi
Was this article valuable?
Here are more articles you may enjoy.
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Nebraska Fires Burn Grazing Lands, Threaten Plans to Grow US Cattle Herd 
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms 
