Doug Cogan on tobacco settlement talks

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Minnesota's lawsuit against the tobacco companies goes to trial in a little more than a week, but right now, all eyes are on Texas, where that state is now negotiating a settlement with the tobacco industry. Texas' case had been set to go to trial Monday, but it it may instead follow in the footsteps of Mississippi and Florida which settled their suits last year. Doug Cogan directs the Tobacco Information Service for the Investors Responsibility Research Center based in Washington D.C. He tracks the tobacco cases to provide impartial information to investors on the subject. Cogan says the tobacco companies are pushing for settlements to convince congress to pass the national settlement.

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