Big tobacco has been good for two New Jersey firms this year that both worked on the $3.62 million sale in bonds by the New Jersey Tobacco Settlement Finance Corp. New Jersey is among the states that have obtained immediate cash for their share of the billions that states are to receive under the 1998 master settlement agreement with four major tobacco companies. And 2007 has the potential to be the first year in which every New Jersey bond issue will have been shepherded to market by a New Jersey firm.
Tobacco Settlement Proves a Money Maker for the N.J. Bond Bar
New Jersey Law Journal
August 28, 2007