October 27, 2015 / 9:50 PM / 2 years ago

Canada court orders tobacco giants to set aside almost C$1 billion

1 Min Read

TORONTO (Reuters) - A Canadian appeal court ruled against two major tobacco companies on Tuesday, ordering them to set aside a combined C$984 million ($742 million) while they challenge a historic damages payment awarded to smokers in the province of Quebec.

Imperial Tobacco Canada Ltd - a subsidiary of British American Tobacco Plc - must put aside C$758 million and Rothmans, Benson & Hedges Inc - a subsidiary of Philip Morris International - must deposit C$226 million, the Quebec Court of Appeal said.

($1 = 1.3266 Canadian dollars)

Reporting by Alastair Sharp; Editing by Chris Reese

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below