A proposed deal that would see three tobacco giants pay out billions to provinces and territories, as well as smokers across Canada, has been approved by the companies' creditors, a lawyer representing some of the creditors said Thursday, calling it
A proposed deal that would see three tobacco giants pay out billions to provinces and territories, as well as smokers across Canada, has been approved by the companies' creditors, a lawyer representing some of the creditors said Thursday, calling it an important milestone in a lengthy legal saga.
André Lespérance, who represents plaintiffs in one of the Quebec lawsuits, said creditors overwhelmingly supported the proposal. The Canadian Cancer Society, which is a social stakeholder in the case, said Thursday it hopes the proposal will be amended before it's approved by the court. The foundation funded through the proposed deal should also have its mandate expanded to include prevention of tobacco-related disease and public awareness efforts to help people quit smoking, said Manuel Arango, vice-president of policy and advocacy for Heart & Stroke.
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