National Post (Latest Edition)

Court ex­tends stay of pro­ceed­ings for 3 to­bacco gi­ants

- Business · Canada News · Ontario · Quebec · Clarence Thomas · Rothmans, Benson & Hedges · Imperial Tobacco

An On­tario court has again ex­tended an order sus­pend­ing le­gal pro­ceed­ings against three ma­jor to­bacco com­pa­nies as they pur­sue me­di­a­tion with cred­i­tors. In a vir­tual hear­ing Tues­day, On­tario Su­pe­rior Court Jus­tice Thomas Mcewen agreed to ex­tend the stay against JTI-MACdon­ald Corp., Roth­mans, Ben­son & Hedges and Im­pe­rial To­bacco Canada Ltd. to March 31, 2021. Mcewen ac­cepted the po­si­tion of the com­pa­nies that they were en­gag­ing in good faith ne­go­ti­a­tions with their cred­i­tors, and noted none of the other par­ties op­posed the ex­ten­sion. The stay has been ex­tended sev­eral times and was due to ex­pire Wednes­day. The order to put le­gal pro­ceed­ings against the three to­bacco gi­ants on hold was first granted more than a year ago after the com­pa­nies lost an ap­peal in a class-ac­tion law­suit in Que­bec.

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