JOURNAL ARTICLE

Big Tobacco Firms Near to Settling Canada Smoking Risk Cases.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kar, Tuhin 3 of 3

Abstract

Three major tobacco companies are close to reaching a settlement in Canada over claims that they withheld information about the health risks of smoking. The proposed deal would involve the Canadian subsidiaries of Philip Morris International Inc., British American Tobacco Plc, and Japan Tobacco Inc. paying a total of C$32.5 billion to settle product-related litigation. This settlement stems from a 2019 ruling against the companies in class action suits filed by Quebec smokers who argued they were not adequately warned about the risks of tobacco use. The plan is still subject to further negotiation and claimant votes, with a potential approval hearing expected in the first half of 2025. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2024
  • Accession Number:180362521
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