Tobacco company opposes proposed $32.5B settlement with provinces, smokers: court doc

TORONTO — One of three major tobacco companies involved in years of negotiations with creditors says it opposes the proposed multi-billion-dollar settlement announced in the case earlier this month.
JTI-Macdonald Corp. has filed a document with an Ontario court indicating it does not support the proposal due to “critical outstanding issues.”
The document was filed ahead of a hearing scheduled today to set the next step for the proposed plan of arrangement presented on Oct. 17.