TORONTO — Imperial Tobacco is rejecting what it says are main adjustments to a landmark $32.5-billion settlement that may see it and two different tobacco firms compensate provinces, territories and ex-smokers in Canada.
TORONTO — Imperial Tobacco is rejecting what it says are main adjustments to a landmark $32.5-billion settlement that may see it and two different tobacco firms compensate provinces, territories and ex-smokers in Canada.
A lawyer for Imperial Tobacco Canada Ltd. advised an Ontario Superior Courtroom listening to at present that adjustments being advised to the settlement by one of many different corporations has come too late.
Deborah Glendinning says a proposal by Rothmans, Benson & Hedges to essentially change how the funding for the worldwide settlement is allotted is unacceptable.
The proposed deal was crafted over greater than 5 years by the displays appointed to every firm — JTI-Macdonald Corp., Imperial Tobacco Canada, and RBH — together with a court-appointed mediator.
Collectors permitted every of three plans — one drafted for every firm — final yr, and legal professionals representing the displays advised this week they be accepted.
The businesses confronted claims totalling greater than $1 trillion, together with from lawsuits from provincial governments looking for to get well smoking-related health-care prices.
The deal is a pan-Canadian settlement of all excellent tobacco litigation within the nation.
This report by The Canadian Press was first printed Jan. 30, 2025.
The Canadian Press
