Ontario court extends suspension of case against 3 tobacco companies

An Ontario court has again extended an order suspending legal proceedings against three major tobacco companies as they pursue mediation with their creditors.

In a virtual hearing this morning, Ontario Superior Court Justice Thomas McEwen agreed to extend the stay against JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. until March 31, 2021.

McEwen said he accepted the position of the companies that they were engaging in good faith negotiations with their creditors, and noted none of the other parties opposed the extension.

The stay has already been extended several times, most recently in February, and was due to expire Wednesday.

The order to put legal proceedings against the three tobacco giants on hold was first granted more than a year ago after the companies lost an appeal in a landmark class-action lawsuit in Quebec.

The stay aims to maintain the status quo while the companies negotiate a global settlement with the class-action members and several other creditors — including a number of provincial governments seeking to recover health-care costs related to smoking.

Lawyers representing the Quebec plaintiffs said earlier this year they believed a settlement could be reached by Wednesday’s deadline, stressing the urgent need for a resolution given that class-action members continue to die from smoking-related health issues.

Rob Cunningham, who represents the Canadian Cancer Society, said outside of the hearing that provincial governments must make public health measures the priority in the negotiations.

“What is most important about any potential settlement is its final content. It is essential that any potential settlement contain substantial long-term funding for tobacco control initiatives, as well as effective policy measures to reduce tobacco use,” he said in an email.

“The tobacco industry should not be able to carry on business as usual.”

Source link

Johny Watshon

Life is like a running cycle right! I am a news editor at TIMES. Collecting <a href="https://usanewsupdate.com/" target="_blank" rel="noopener noreferrer">News</a> is my passion. Because my visitors have the right to know the truth and perfectly.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Feds announce plan to buy 7.9 million rapid COVID tests

Tue Sep 29 , 2020
Share on Facebook Tweet it Pin it Share it Email Public Services and Procurement Minister Anita Anand today announced today a plan to buy roughly 7.9 million rapid point-of-care COVID-19 tests from U.S.-based Abbott Laboratories. The purchase is meant to offer other testing options to Canadians at a time when the country’s […]
Feds announce plan to buy 7.9 million rapid COVID tests

Chief Editor

Johny Watshon

Life is like running cycle right! I am a news editor at TIMES. Collecting News is my passion. Because my visitors have right to know the truth and perfectly.

Quick Links