Imperial Tobacco Canada is the latest company to receive a temporary reprieve from compensating 100,000 Quebec smokers after securing creditor protection in an Ontario court.
A judge granted Imperial Tobacco Canada creditor protection Tuesday, and JTI-Macdonald Corp. was granted creditor protection last Friday.
The Ontario Superior Court decision suspends legal proceedings against all three companies until April 5, even though only Imperial Tobacco Canada and JTI-Macdonald sought protection from creditors. "Canadian consumers and governments have been aware of the health risks associated with smoking for decades, and the Company has always operated and sold its legal products within a regulatory framework dictated by governments."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Imperial Tobacco Canada gets creditor protection in $15-billion Quebec lawsuitAn Ontario Superior Court decision gave temporary reprieve to Imperial Tobacco Canada from compensating 100,000 Quebec smokers
Read more »
$15B judgement in damages to Quebec smokers suspended because one tobacco company in lawsuit given creditor protectionAn Ontario court suspended legal proceedings against all three companies until April 5, though only JTI-Macdonald sought protection from creditors
Read more »
Tobacco firm JTI-Macdonald granted creditor protection, liable for $1.77 billionCompany says legal step required to protect 500 Canadian jobs
Read more »
Quebec’s Îles de la Madeleine gets its first wineryDespite its size, the Magdalen Islands is brimming with delicious destinations. Now, Maryam Siddiqi reports, a local has set his sights on adding idiosyncratic wine to the mix
Read more »
Canada Sevens gets another four years in VancouverThe Canadian event is highly rated by players, officials and fans.
Read more »
Harry And Meghan Are Getting Ready To Celebrate CanadaThe former actress often pays tribute to her time living in Toronto.
Read more »
Nothing will stop LNG Canada from getting built, CEO says — including a looming legal challenge‘I do not see a single scenario that would cause the construction of this pipeline to be stopped’
Read more »
Imperial Metals selling 70 per cent stake in B.C.'s Red Chris mine to NewcrestIn addition to Red Chris, Imperial owns the Mount Polley and Huckleberry copper mines in B.C.
Read more »
Canada Sevens Day 1 live blog: Upsets galore as Canada defeats FijiThe 2019 Canada Sevens go March 9-10 at B.C. Place Stadium.
Read more »
Last Quebec schooner of its kind threatened after grounding in CubaCuban authorities have backed off a threat to seize the last surviving St. Lawrence River schooner, which ran aground on a beach in the Caribbean country on Jan. 27.
Read more »