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A Miami Beach-based cigarette maker that participated in the huge tobacco industry settlement with 46 states has filed for Chapter 11 protection. It claims that unfair application of the settlement has driven it into bankruptcy court. But the company's attorneys say that won't keep Bekenton USA from paying millions of dollars it owes the states under the agreement, first implemented in 1998 and designed to reimburse the states for Medicaid costs related to treating sick smokers.
November 11, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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