Ontario Court Approves Historic $32.5B Tobacco Settlement

Ontario Court Approves Historic $32.5B Tobacco Settlement
A smoker puts out a cigarette in a public ash tray in Ottawa on May 31, 2016. The Canadian Press/Sean Kilpatrick
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An Ontario court has approved a historic $32.5 billion settlement that will see three major tobacco companies compensate provinces, territories and ex-smokers in Canada.

In a ruling released today, Ontario Superior Court Chief Justice Geoffrey Morawetz called the approval a “momentous achievement in Canadian restructuring history.”