Tobacco company opposes proposed $32.5B settlement with provinces, smokers: court doc

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One of three major tobacco companies involved in years of negotiations with creditors says it opposes the proposed multi-billion-dollar settlement announced in the case earlier this month.

A smoker puts out a cigarette in a public ash tray in Ottawa on Tuesday, May 31, 2016. THE CANADIAN PRESS/Sean Kilpatrick

Today's hearing involves a motion to set a date for the creditors' vote, which the court document says JTI-Macdonald also opposes. The company added it is "committed to resolving the issue in a timely manner to avoid the risk of substantial objections at the sanction hearing as well as the potential for further complications and delay."

The landmark decision was upheld by the province's top court in 2019, prompting the companies to seek creditor protection in Ontario.The Ontario court put all legal proceedings against the companies, including lawsuits filed by provincial governments, on hold as the parties negotiated a global settlement.

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