British Columbia’s share of a landmark settlement for health damages from the big tobacco firms will be about $3.7 billion, the province’s attorney general said Thursday, with the money to be distributed over at least 18 years.
It’s part of a $32.5-billion Canadian settlement between JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. and their creditors after more than five years of negotiations.
The Ontario Superior Court of Justice has approved the settlement, which Sharma described as the largest in Canadian history and the third-largest worldwide.
“These companies knowingly sold a product that causes addiction, disease and death, all while hiding the truth and prioritizing
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