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Tobacco company gets creditor protection in $15B Quebec lawsuit

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Rothmans, Benson & Hedges has become the third tobacco company to receive a temporary reprieve from compensating 100,000 Quebec smokers after securing creditor protection in an Ontario court on Friday.

Imperial Tobacco Canada and JTI-Macdonald Corp. were both granted creditor protection earlier this month.

Rothmans, Benson & Hedges said in a statement that the Ontario Superior Court has stayed legal proceedings against all three companies until April 4-5. "While RBH disputes liability in the Canadian litigation given the widespread awareness of the health risks of smoking, we are optimistic about reaching an arrangement that could resolve all pending litigation and allow RBH to focus on the future," Managing Director Peter Luongo said in a statement.

 

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