Monday, April 7, 2025
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Court moderator recommends $23.6 billion negotiation by Philip Morris, BAT and JTI systems in Canada


(Reuters) – Philip Morris stated on Friday that a Canadian court-appointed moderator has actually suggested a strategy to finish the cigarette lawsuits, entailing a settlement of C$ 32.5 billion ($ 23.56 billion) by its system Rothmans, Benson & & Hedges Inc and the Canadian systems of British American Tobacco and Japan Tobacco.

Philip Morris stated the appropriation of the accumulation negotiation quantity in between the firms in the process continued to be unsolved.

($ 1 = 1.3792 Canadian bucks)

(Reporting by Shubham Kalia in Bengaluru; Editing by Mrigank Dhaniwala)



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