$15B judgement in damages to Quebec smokers suspended because one tobacco company in lawsuit given creditor protection - News Summed Up

$15B judgement in damages to Quebec smokers suspended because one tobacco company in lawsuit given creditor protection


JTI-Macdonald was among three companies that lost in the Quebec Court of Appeal March 1. Now that JTI-Macdonald is under creditor protection, however, the company will not have to disperse any funds to tobacco victims for now. The Ontario Superior Court decision suspends legal proceedings against all three companies until April 5, even though only JTI-Macdonald sought protection from creditors. “The Superior Court in Ontario is suspending the rights recognized by six judges in Quebec,” he said. “We fundamentally disagree with the court decision and are taking all necessary and appropriate measures to defend our lawful business,” it said.


Source: National Post March 12, 2019 04:41 UTC



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