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Canada court waives C$1.13 bln deposit in Quebec smoking case

Published 2015-07-23, 06:53 p/m
Canada court waives C$1.13 bln deposit in Quebec smoking case
BATS
-
2914
-

By Allison Lampert
MONTREAL, July 23 (Reuters) - A Canadian appeal court ruled
on Thursday that three major tobacco companies will not have to
make a preliminary deposit of C$1.13 billion ($867.56 million)
as they appeal a case that awarded more than C$15 billion in
damages to Quebec smokers.
Imperial Tobacco Canada, a subsidiary of British American
Tobacco Plc BATS.L , JTI-Macdonald Corp, part of Japan Tobacco
Inc 2914.T , and Rothmans, Benson & Hedges Inc - a subsidiary
of Philip Morris International PM.N - had originally been
ordered by a lower court judge to deposit the amount in trust
with their attorneys.
($1 = 1.3025 Canadian dollars)

(With additional writing by Jeffrey Hodgson; Editing by Tom
Brown)

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