Overview
- JTI-Macdonald Corp. has filed a court document opposing the proposed settlement, citing 'critical outstanding issues' that need resolution.
- The settlement plan involves three tobacco companies paying $24 billion to provinces and $4 billion to Quebec smokers and their heirs.
- Rothmans, Benson & Hedges acknowledges the need to resolve allocation issues before fully agreeing to the settlement terms.
- The proposed deal, reached through mediation, lacks specifics on each company's share of the financial burden.
- The settlement follows over five years of negotiations amid legal battles and corporate restructuring efforts.