JTI-Macdonald Corp. objects to a $32.5B tobacco settlement in court over unresolved issues.

JTI-Macdonald Corp., one of Canada’s major tobacco firms, has filed a court objection to a proposed $32.5 billion settlement with provinces and smokers, citing "critical outstanding issues." The plan aims to allocate $24 billion to provinces and over $4 billion to Quebec smokers and their heirs. It requires creditor approval and court validation. Negotiations for this settlement have spanned over five years, following a lengthy legal battle.

October 30, 2024
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