A court in Ontario has again extended the order to suspend proceedings against the three tobacco giants who are still in talks to settle with creditors.
Judge Thomas McKuen of the Ontario Superior Court agreed on Tuesday to extend his stay at JTI-McDonald Corporation, Rothmans, Benson & Hedges and Imperial Tobacco Canada Limited until September 30, 2022.
McCueen states that there is no suggestion that the company “does not perform due diligence in very complex mediation in good faith” with its stakeholders.
He also says that none of the other parties in the case objected to the extension.
The stay was first granted in March 2019 and has been extended several times since then. It was scheduled to expire on March 31st.
The order was told to pay more than $ 15 billion in damages to smokers in Quebec who lost their appeals, became ill or became addicted in a groundbreaking class action in Quebec. It came into effect after that.
This stay is intended to maintain the status quo while the company is working towards a global settlement with members of the class proceedings and other creditors.
These other creditors include several state governments seeking to recover smoking-related medical costs.
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