Tobacco Producers Settlement
Celerity assisted several State Attorneys General Offices (AGOs) in proving their diligence in meeting the terms of a 1998 landmark multi-billion-dollar settlement agreement with several tobacco producers. These agreements set penalties to be paid by the producers based on actual future tobacco sales, contingent upon certain criteria. One obligation that fell upon the states was proving diligence in their effort to collect escrow payments from non-party tobacco manufacturers.
Tobacco Producers Settlement Solution
To ascertain the states’ diligence, Celerity independently analyzed both the state’s internal data as well as the tobacco manufacturers’ data and provided reports and testimony to refute the tobacco companies’ experts.