Three tobacco giants are proposing to pay close to $25 billion to provinces and territories and more than $4 billion to some 100,000 Quebec smokers and their...
Three tobacco giants are proposing to pay close to $25 billion to provinces and territories and more than $4 billion to some 100,000 Quebec smokers and their loved ones as part of a corporate restructuring process triggered by a long-running legal battle.
The Ontario court put all legal proceedings against the companies on hold as they tried to work out a deal with their creditors, which include the plaintiffs in two Quebec class-action lawsuits as well as provincial governments seeking to recover smoking-related health-care costs. The proposal must still go through several steps before it can be put into action, including a vote by creditors and approval by the court.
The Quebec lawsuits involved smokers who took up the habit between 1950 and 1998 and fell ill or were addicted. Heirs of such smokers were also party to the suits. Hamas leader Yahya Sinwar was killed during a gun battle in southern Gaza on Wednesday by Israeli troops who were initially unaware that they had caught their country's number one enemy, Israeli officials said. Intelligence services had been searching for Sinwar for months and had been gradually restricting the area where he could operate, the military said on Thursday, after dental records, fingerprints and DNA testing provided final confirmation of Sinwar's death.
Ontario Court Creditor Protection Smokers Creditors Companies Tobacco Giants Rothmans Benson & Hedges
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