Historic Tobacco Compensation Plans Move Forward [Globe and Mail, The (Toronto, Canada)]
Philip Morris International Inc (PM)
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Source: Globe and Mail, The
for Imperial Tobacco, Rothmans Benson & Hedges, and JTI MacDonald ("CCAA Plans") were unveiled, marking a landmark resolution after over five years of intensive mediation. With a total compensation package of $32.5 billion , the CCAA Plans include the Pan-Canadian Claimant ("PCC") Compensation Plan, which allocates $2.52 billion to eligible tobacco harm victims across Canada On December 12, 2024 , the CCAA Plans achieved a major milestone, receiving votes of approval from creditors, including the Provinces, Territories, and legal representatives of tobacco harm victims. What happens next? A Sanction Hearing is scheduled for January 29 to 31, 2025 , where the Court will consider whether to approve the CCAA Plans. If the Court sanctions the Plans, they will come into effect, paving the way for compensation to be distributed to victims who meet the eligibility criteria under the Plans and submit claims by the deadline to be determined at a future date. Am I eligible for compensat
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News
- Global Public Health Advocates from 10 Countries Demand Hearst and Conde Nast Stop Promoting Tobacco and Nicotine to Kids [Yahoo! Finance]Yahoo! Finance
- What Makes Philip Morris International (PM) a Favorite Stock for Billionaire Stanley Druckenmiller? [Yahoo! Finance]Yahoo! Finance
- Historic Tobacco Compensation Plans Move Forward [Yahoo! Finance]Yahoo! Finance
- Is Philip Morris International (NYSE:PM) a Long Term Investment? Examining Its Growth and Valuation [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Declares Regular Quarterly Dividend of $1.35 Per ShareBusiness Wire
PM
Earnings
- 10/22/24 - Beat
PM
Sec Filings
- 12/17/24 - Form 8-K
- 12/12/24 - Form 8-K
- 11/21/24 - Form 8-K
- PM's page on the SEC website