Tobacco firm opposes proposed $32.5B settlement with provinces, smokers, court documents say

One of three major tobacco companies involved in years of negotiations with creditors says it opposes the proposed multi-billion-dollar settlement announced in the case earlier this month. JTI-Macdonald Corp. has filed a document with an Ontario court indicating it does not support the proposal due to "critical outstanding issues."

Tobacco firm opposes proposed $32.5B settlement with provinces, smokers, court documents say
Two packages of cigarettes are shown. One, in the foreground, displays a health warning, saying cigarettes cause strokes.

One of three major tobacco companies involved in years of negotiations with creditors says it opposes the proposed multi-billion-dollar settlement announced in the case earlier this month. JTI-Macdonald Corp. has filed a document with an Ontario court indicating it does not support the proposal due to "critical outstanding issues."