EXHIBIT 99.2 STATUS OF THE MASTER SETTLEMENT AGREEMENT The Master Settlement Agreement ("MSA") is subject to final judicial approval (i.e., trial court approval and the expiration of the time for review or appeal with respect to such approval) in each...Master Settlement Agreement • May 14th, 1999 • Philip Morris Companies Inc • Food and kindred products
The Master Settlement Agreement ("MSA") is subject to final judicial approval (i.e., trial court approval and the expiration of the time for review or appeal with respect to such approval) in each of the settling jurisdictions. If a settling jurisdiction does not obtain final judicial approval by December 31, 2001, the agreement will be terminated with respect to such state; the agreement, however, will remain in effect as to each settling jurisdiction in which final judicial approval is obtained. As noted in the chart below, the MSA has been approved by trial courts in all of the 52 settling jurisdictions and the Company believes that the time for review or appeal with respect to such approvals has expired in 42 of those jurisdictions. Interventions and/or challenges to the MSA (or appeals thereof) are pending in 10 jurisdictions. In addition, as described in Note 5. Contingencies, above under the heading "Litigation Settlements," there are a number of other suits pending related to t
