United States Government

Miami, FL: (Mar-15-07) New Valley LLC, a subsidiary of Vector Group, filed suit against the US Government seeking damages for breach of a launch services agreement covering the launch of one of Westar Satellites owned by New Valley's former Western Union satellite business. In the settlement reached, a payment of $20 million will be made by the government to New Valley, inclusive of interest, with each party to bear its own costs, expenses and attorney fees. [BUSINESS WIRE: LAUNCH CONTRACT]

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Published on Mar-19-07