Tobacco makers near C$32.6 billion settlement in Canada - A court-appointed mediator in Canada has proposed a C$32.5 billion settlement for Philip Morris (NYSE:PM), British American Tobacco (NYSE:BTI) and Japan Tobacco
- The lawsuits arose in 2015 after a Quebec court awarded damages to more than 100,000 people who claimed the companies knew their products caused cancer and other illnesses without warning consumers
- The allocation of the aggregate settlement amount between the companies in the proceedings is still unresolved
- Shares of Philip Morris are up 0.10 per cent to US$120.26 as of 11:18 am ET. Shares of British American Tobacco are down 2.42 per cent to $34.52 as of 11:59 am ET
Lets hope more people start using cannabis, the healthier alternative
https://stockhouse.com/news/the-market-online-news/2024/10/18/tobacco-makers-near-c-32-6-billion-settlement-canada