Money: Imperial Tobacco Canada gets creditor protection - PressFrom - Canada
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MoneyImperial Tobacco Canada gets creditor protection

08:37  13 march  2019
08:37  13 march  2019 Source:   msn.com

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Imperial Tobacco Canada is Canada ’s leading tobacco company. British American Tobacco is one of the world’s most international businesses and many of its Group companies have their own websites. Careers.

Imperial Tobacco Canada offers employees an extremely competitive benefits package that includes a defined contribution pension plan with employer-matched contributions. Our industry is controversial, which presents challenges, as well as unique opportunities. At Imperial Tobacco Canada , you’ll push

Imperial Tobacco Canada gets creditor protection© Provided by The Independent A clampdown on the harmful effects of smoking has resulted in intense lobbying efforts by several of the big tobacco companies (Picture: [copyright])

MONTREAL - Imperial Tobacco Canada is the latest company to receive a temporary reprieve from compensating 100,000 Quebec smokers after securing creditor protection in an Ontario court.

A judge granted Imperial Tobacco Canada creditor protection Tuesday, and JTI-Macdonald Corp. was granted creditor protection last Friday.

The two companies, along with Benson & Hedges, lost an appeal of a landmark $15-billion class-action lawsuit in the Quebec Court of Appeal on March 1.

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Imperial Tobacco Canada manufactures and distributes a wide variety of tobacco products and Next Generation Products (NGP). British American Tobacco is one of the world’s most international businesses and many of its Group companies have their own websites.

As an adult smoker of an Imperial Brands Ltd. cigarette, your feedback is welcome. We are available for your questions or comments from 8:15 AM to 7:00 PM EST, Monday to Friday. IMPERIAL BRANDS LTD | An Imperial Tobacco Canada Company.

The Ontario Superior Court decision suspends legal proceedings against all three companies until April 5, even though only Imperial Tobacco Canada amid JTI-Macdonald sought protection from creditors.

The Quebec Council on Tobacco and Health led two class actions against the companies and won in 2015, when Quebec Superior Court Justice Brian Riordan ordered the companies to make payments of more than $15 billion to smokers who either fell ill or were addicted.

At the time, the ruling was believed to be the biggest class action award in Canadian history.

"Imperial Tobacco Canada continues to disagree with the judgments by the Quebec Court of Appeal and the Quebec Superior Court," the company said in a statement Tuesday.

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The tobacco firm says the protection under the federal Companies’ Creditors Arrangement Act (CCAA) will Imperial Tobacco Canada Ltd., JTI-Macdonald Corp. and Rothmans-Benson & Hedges had appealed a ruling that found the companies chose profits over the health of their customers.

Imperial Tobacco Canada 's Retail Support Team is ready to assist and only a phone call away. We are pleased to offer you a one-stop resource for answers and solutions. Imperial Tobacco Canada 3711 Saint-Antoine Street, West Montreal, Québec H4C 3P6 Canada . (514) 932-6161, ext.

"Canadian consumers and governments have been aware of the health risks associated with smoking for decades, and the Company has always operated and sold its legal products within a regulatory framework dictated by governments."

The Quebec Council on Tobacco and Health has said that the Ontario court's ruling can be extended beyond April 5 and victims could never see any money.

"Companies are very good at finding strategies to avoid paying damages they were ordered to pay," spokesman Mario Bujold said Monday.

"The Superior Court in Ontario is suspending the rights recognized by six judges in Quebec. It's unacceptable."

Tobacco firm's payout in $15B lawsuit on hold after court ruling.
JTI-Macdonald has been granted creditor protection by an Ontario judge, putting on hold until April the tobacco firm's obligations in a $15-billion lawsuit. 

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