Catherine Cortez Masto
LAS VEGAS (Legal Newsline)- Nevada Attorney General Catherine Cortez Masto announced Wednesday that her office has collected more than $1.8 million from settlements and fees.
The money will go into the state general fund. Nevada lawmakers are bracing for a $1 billion budget shortfall.
“I am pleased to report my office’s collection of the fees and settlements that will benefit the general fund at this critical time,” Masto said in a statement. “I recognize that there is more work to be done, but I believe such funds will benefit the state.”
The money came from cases, including those against drug makers for off-label marketing, the attorney general’s office said.
To help the state make ends meet, Republican Gov. Jim Gibbons has ordered across-the-board cuts.
Lt. Gov. Brian Krolicki, the former state treasurer, recently outlined a plan to securitize future tobacco settlement monies. He said the one-time bond sale could generate $600 million.
From Legal Newsline: Reach reporter Chris Rizo by e-mail at chrisrizo@legalnewsline.com.