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Tobacco Giants to Pay $32.5B in Landmark Canadian Settlement
Oct 17, 2024, 11:14 PM
Tobacco giants have proposed a historic settlement plan to pay out $32.5 billion to Canadian provinces and smokers. The companies filed a proposed plan of arrangement in an Ontario court on Thursday after more than five years of negotiations with their creditors. This landmark settlement aims to resolve longstanding legal disputes over health-related claims.
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Approved • 25%
Rejected • 25%
Modified • 25%
Deferred • 25%
Yes • 50%
No • 50%
Yes • 50%
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Less than $25B • 25%
$25B to $30B • 25%
$30B to $32.5B • 25%
More than $32.5B • 25%
British American Tobacco • 25%
Philip Morris International • 25%
Japan Tobacco Inc. • 25%
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Preliminary approval upheld • 33%
Preliminary approval overturned • 33%
Settlement modified • 34%
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