Tobacco companies seek to extend order suspending legal proceedings against them [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
creditors in a long-running case involving an order to pay out billions to some 100,000 smokers and their loved ones. Documents filed with an Ontario court show the companies — JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. — are asking for the stay of proceedings to remain in place until late March 2025. The request was set to be heard Tuesday but court documents show it has been postponed until Oct. 31, with the stay extended until then. It was previously set to expire today. The order to put legal proceedings against the companies on hold was first granted in early 2019 after the three lost an appeal in a landmark legal battle in Quebec. The stay aims to maintain the status quo while the companies work out a global settlement with the class-action members and several other creditors, including provincial governments looking to recoup smoking-related health-care costs. The initial stay of proceedings lasted a few months, but it has since be
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