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submitted 3 days ago by Stamau123@lemmy.world to c/world@lemmy.world

TORONTO (AP) — Three large tobacco companies would pay nearly $24 billion to settle a long-running legal battle in Canada, according to a proposed deal.

Philip Morris International said Friday that a court-appointed mediator had filed the proposed settlement with its Canadian affiliate, Rothmans, Benson & Hedges, over tobacco product-related claims and litigation in Canada. Similar deals were also filed covering JTI-Macdonald Corp. and Imperial Tobacco Canada Ltd.

“After years of mediation, we welcome this important step towards the resolution of long-pending tobacco product-related litigation in Canada,” Philip Morris International’s CEO Jacek Olczak said in a statement.

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[-] FlyingSquid@lemmy.world 6 points 2 days ago

Good luck, Canada. Don't waste that money like your neighbor to the south did.

[-] MediaBiasFactChecker@lemmy.world -2 points 3 days ago

Associated Press - News Source Context (Click to view Full Report)Information for Associated Press:

MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source

Search topics on Ground.Newshttps://apnews.com/article/canada-quebec-big-tobacco-settlement-88e5e11455b8b896720986d48e82201b
Media Bias Fact Check | bot support

this post was submitted on 19 Oct 2024
39 points (95.3% liked)

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