Template:1997JunMSA
Jump to navigation
Jump to search
|
1997 June 20: The tobacco industry agreed with some of the State Attorneys-General to pay a penalty of $370 billion, curtail advertising that might affect children, and subject itself to FDA regulation. The 68-page "Proposed Resolution," (which later became the Master Settlement Agreement) reported that the industry would fund a variety of health programs, pay monetary damages, subject itself to FDA regulation, and restrict certain sales and marketing practices. In return, tobacco companies will be exempt from all punitive damages for their past conduct and immune from new class action lawsuits. This was just the first draft of a long process. |
