Tobacco companies set to pay $32.5-billion in landmark Canadian legal settlement [Globe and Mail, The (Toronto, Canada)]
JAPAN TOBACCO UNSP/ADR (JAPAY)
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Source: Globe and Mail, The
the companies did not warn their customers about the dangers of using their products. Ten provinces and three territories, which had sought to recoup health care costs, would receive $24.8-billion from JTI-Macdonald Corp., Rothmans, Benson & Hedges Inc., and Imperial Tobacco Canada Ltd. in a proposed plan of arrangement overseen by a mediator filed late Thursday in an Ontario court. Members of two class-action lawsuits in Quebec would receive $4.25-billion. This includes about 100,000 people in what came to be known as the Blais-Létourneau case that won in court in 2015, and was upheld on appeal in 2019. Individuals may receive as much as $60,000. Other Canadians, separate from the main case, would also receive some money. Thursday's deal, which requires several more significant steps, vaults a legal odyssey that stretches back more than a quarter century toward a final conclusion. It was a battle at the intersection of complicated legal and philosophical questions: corporate re
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- Lawyers in Quebec class actions seek $906-million in fees for work in landmark tobacco case [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Lawyers in Quebec class actions seek $906M in fees for work in landmark tobacco case [Yahoo! Finance Canada]Yahoo! Finance Canada
- JT Logistics Makes Special Deliveries, Honoring Iowa's Fallen Veterans [Yahoo! Finance]Yahoo! Finance
- Creditors expected to vote on proposed $32.5B deal with tobacco giants today [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lucky Strike maker BAT sees stronger H2 revenue growth in new category, combustibles [Yahoo! Finance Canada]Yahoo! Finance Canada