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Tobacco-lawyer ABS just the start of cigarette spoils boom

A soon-to-price bond deal securitizing the spoils from lawyers that won the landmark 1998 tobacco legal settlement should inaugurate a multi-billion issuance boom of tobacco-related deals this year.

Officials at Deutsche Banc Alex. Brown, which wrested the legal-fee deal mandate from Morgan Stanley Dean Witter last summer, are readying...

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