Japan Tobacco ( (JP:2914) ) just unveiled an update.
Japan Tobacco’s Canadian subsidiary, JTI-Macdonald Corp, has reached a comprehensive settlement to resolve all pending tobacco-related claims in Canada, including those from class action lawsuits dating back to 1998. The settlement, approved by the Ontario Superior Court, involves JTI-MC and its co-defendants paying a total of 32.5 billion Canadian dollars over a period of 20 to 30 years, with JTI-MC’s payments tied to its annual net income. This resolution marks the end of all smoking and health lawsuits against JTI-MC, allowing the company to focus on future operations without the burden of past legal challenges.
More about Japan Tobacco
Japan Tobacco (JT) Group operates within the tobacco industry, primarily focusing on the production and sale of tobacco products. Its market focus includes both domestic and international markets, with a significant presence in Canada through its subsidiary JTI-Macdonald Corp.
YTD Price Performance: -0.29%
Average Trading Volume: 523
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $46.31B
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