Big tobacco companies reach tentative settlement with Canada

  • 📰 AP
  • ⏱ Reading Time:
  • 49 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 72%
  • Publisher: 51%

Canada Notícia

Quebec,Quebec City,General News

Three large tobacco companies would pay nearly $24 billion to settle a long-running legal battle in Canada. That's according to a proposed deal.

South Korean intelligence says North has sent troops to aid Russia's war in UkraineTexas was about to execute Robert Roberson.

Philip Morris International said Friday that a court-appointed mediator had filed the proposed settlement with its Canadian affiliate, Rothmans, Benson & Hedges, over tobacco product-related claims and litigation in Canada. Similar deals were also filed covering JTI-Macdonald Corp. and Imperial Tobacco Canada Ltd.

“After years of mediation, we welcome this important step towards the resolution of long-pending tobacco product-related litigation in Canada,” Philip Morris International’s CEO Jacek Olczak said in a statement. The three tobacco companies had sought creditor protection in Ontario in early 2019 after they lost an appeal in a landmark court battle in Quebec.

The Canadian Press reported that under the $32.5 billion Canadian dollar deal, Canadian provinces and territories would get a combined CN$24.8 billion; members of the class action would get CN$4.25 billion; Canadian victims from provinces outside Quebec would receive CN$2.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 728. in BR

Brasil Últimas Notícias, Brasil Manchetes