By Tripp Mickle
The three largest U.S. tobacco companies announced an agreement
Wednesday to resolve pending tobacco lawsuits in Florida.
Reynolds American Inc. and Altria Group Inc. will pay $42.5
million to resolve several federal cases, and Lorillard, Inc. will
pay $15 million. The agreement covers only cases in federal court
and doesn't include cases in Florida state courts.
The cases are collectively known as the Engle progeny lawsuits.
The agreement won't become final unless all the individual
plaintiffs in the cases agree to participate in the settlement.
Write to Tripp Mickle at Tripp.Mickle@wsj.com
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