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Liggett Group to Pay $110 Million in Tobacco Settlement

(Reuters) – Liggett Group announced Wednesday that it would pay $110 million to settle thousands of Florida lawsuits accusing the tobacco company of concealing the dangers of smoking cigarettes. The out-of-court settlement will resolve nearly 4,900 of the 5,300 lawsuits pending in Florida against Liggett and its parent company, Vector Group Ltd (VGR.N), according to the company’s statement. The […]