TOP NEWS: British American Tobacco To Learn Quebec Ruling On Friday

LONDON (Alliance News) - British American Tobacco PLC will find out whether it has successfully ...

Alliance News 25 February, 2019 | 6:51AM
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LONDON (Alliance News) - British American Tobacco PLC will find out whether it has successfully appealed against its class action settlement in Quebec on Friday.

The judgement, BAT said, will be handed down by the Quebec Court of Appeal at 0900 GMT, which is 1100 SAT, that day.

The appeal relates to a CAD15.6 billion fine which three companies were ordered to pay in the summer in 2015. The case, running for over a decade before that, was brought by smokers who alleged BAT, as well as Philip Morris International and Japan Tobacco International, had failed to warn them of the risks associated with smoking.

Some CAD10.4 billion of the fine was to be paid by BAT, who appealed the order.

By George Collard; georgecollard@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
British American Tobacco PLC 2,768.79 GBX -1.01
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