The Miami-based parent of cigarette maker Liggett Group said Wednesday it has reached a global settlement agreeing to pay more than 4,900 sick Florida smokers a total of $110 million to resolve individual lawsuits filed after a statewide class action was disbanded.
Liggett’s parent, Vector Group Ltd., agreed to pay $61 million in a lump sum and $49 million in installments over 15 years to resolve most of the cases. The proposed settlement would be final in about three months contingent on plaintiffs attorneys delivering the required settlement documents.
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