24th Jul 2015 06:50
LONDON (Alliance News) - British American Tobacco PLC on Friday said the Quebec Court of Appeal has granted the application that it and two other tobacco companies made to cancel a CAD1.1 billion provision execution order.
The provisional execution was imposed on BAT's Imperial Tobacco Canada unit and the Canadian subsidiaries of Philip Morris International and Japan Tobacco International as part of a CAD15.6 billion judgement made against the three companies in two class action cases in June.
"We are pleased to see Imperial Tobacco Canada's arguments prevail with the cancellation of an unprecedented and legally unjustified provisional execution order," said Jerome Abelman, the legal and external affairs director at BAT.
BAT said Imperial Tobacco Canada will now focus on its appeal at the Quebec Court of Appeal against the CAD15.6 billion judgement, made after ten years of legal wranglings and related to accusations by smokers that the companies did not warn them of the risks associated with smoking.
By Sam Unsted; [email protected]; @SamUAtAlliance
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