Tag Archives: Trust Fund

Trust Fund Snuffed in MS

Healthcare focus

A 25-year-old case is emerging from the filing cabinet as a point of interest for Mississippians. In 1997, Mike Moore, who served as the state’s Attorney General at that time, announced a national settlement against the tobacco companies. The lawsuit placed restrictions on cigarette advertising to the nation’s youth and allowed funding opportunities for the campaign against tobacco use. Although the impact of the settlement is significant, with the percentage of youth smoking decreasing from 27% to 4% and adult smoking reducing from 30% to 12%, there is a growing problem with the failure to maintain a trust fund in Mississippi. Continue reading →

General Motors Switching to a Safer Future

The long road to a settlement

The General Motors defect lawsuit, which was initiated four years ago, is reaching an inevitable settlement with the assistance of the General Unsecured Creditors Trust. The independent trust is handling the company’s bankruptcy, filed in 2009, and is now facilitating the settlement with GM customers. The automotive company exhibited deceptive tactics to hide flaws in the ignition switch and side airbags. There was a direct correlation between the defects and the many claims of car crashes and deaths. Currently, the parties involved in the lawsuit are calculating a resolution. Continue reading →