Sunday, January 17, 2010

Tobacco Companies Said to Have Met With U.S. on Racketeering Suit

Bloomberg reports:
Tobacco company lawyers met with U.S. Solicitor General Elena Kagan last month to urge her not to file a Supreme Court appeal in the government’s racketeering case against the industry, an official involved in the Justice Department’s deliberations about the case said.

The meeting, reported by the Associated Press earlier today, ultimately might lead to settlement talks, though the two sides haven’t had any contact since then, the person said.
Government likes tobacco taxes yet calls the industry a racketeering enterprise. We'll bet Elena Kagan doesn't think Fannie and Freddie are racketeering enterprises.