New York City suffered another setback yesterday in its bid to extract an additional $2.3 billion from the nationwide settlement with the tobacco industry, as the Appellate Division, First Department, unanimously approved a distribution formula worked out by the State and the vast majority of its 62 counties.

The settlement, which was approved by State Supreme Court Justice Stephen G. Crane in December, allocated $6.7 billion to New York City of the $25 billion the State is slated to receive from the $206 billion settlement reached with 46 states and six territories in November. Westchester and Erie Counties had sided with New York City in claiming that the State’s allocation shortchanged them.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]