Canada court waives C$1.13 bln deposit in Quebec smoking case

Thu Jul 23, 2015 6:53pm EDT
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By Allison Lampert

MONTREAL, July 23 (Reuters) - A Canadian appeal court ruled on Thursday that three major tobacco companies will not have to make a preliminary deposit of C$1.13 billion ($867.56 million) as they appeal a case that awarded more than C$15 billion in damages to Quebec smokers.

Imperial Tobacco Canada, a subsidiary of British American Tobacco Plc, JTI-Macdonald Corp, part of Japan Tobacco Inc, and Rothmans, Benson & Hedges Inc - a subsidiary of Philip Morris International - had originally been ordered by a lower court judge to deposit the amount in trust with their attorneys.

($1 = 1.3025 Canadian dollars) (With additional writing by Jeffrey Hodgson; Editing by Tom Brown)