JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. were granted protection from their creditors last month after they lost an appeal in a multibillion-dollar case in Quebec.
The stay was set to expire at midnight Friday but Ontario Superior Court Justice Thomas McEwen agreed to push the deadline to June 28. Appealing would mean the companies do not recognize their debt to the class-action members, which means they would not be negotiating a settlement in good faith, the lawyers argued Thursday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
B.C. company can sell prescription eyewear online in Ontario, court rulesCase arose when regulators in Ontario alleged that B.C.’s Essilor was acting illegally by accepting orders for prescription eyewear through its websites and shipping the products to patients …
Source: VancouverSun - 🏆 49. / 61 Read more »
Quebec court extends order suspending legal proceedings against big tobacco companiesJTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. were granted protection from their creditors last month after they lost an appeal Sure, they owe billions to people but a judge can suspend legal proceedings against them in Quebec. Kind of smells on lavscam but for the tobacco companies. Is quebec that corrupt?
Source: globeandmail - 🏆 5. / 92 Read more »