Proposed $32.5B Tobacco Deal Not ‘Doomed to Fail,’ Judge Says in Ruling

Proposed $32.5B Tobacco Deal Not ‘Doomed to Fail,’ Judge Says in Ruling
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 judge says any outstanding issues regarding a proposed $32.5 billion settlement between three major tobacco companies and their creditors should be solvable in the coming months.

Ontario Superior Court Chief Justice Geoffrey Morawetz has released his reasons for approving a motion last week to have representatives for creditors review and vote on the proposal in December.