Tobacco firms face final approval on a $32.5 billion settlement for health damages.

A historic $32.5 billion tobacco settlement proposal is facing final court approval. The deal, supported by creditors, would see tobacco companies pay $24 billion to provinces over 20 years, $4 billion to Quebec plaintiffs, and $2.5 billion to other Canadian smokers. An additional $1 billion would go to a foundation combating tobacco-related diseases. The proposal follows over five years of negotiations and is a key outcome of a landmark Quebec ruling.

2 months ago
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