Japan Tobacco, Others Agree to Settle Canadian Litigation
Tokyo, March 3 (Jiji Press)--Japan Tobacco Inc., Philip Morris International Inc. and British American Tobacco PLC have agreed to pay 32.5 billion Canadian dollars to settle their litigation in Canada over health risks from tobacco products, Japan Tobacco said Monday. For the settlement, Japan Tobacco plans to record nearly 400 billion yen in loss allowances as sales expenses. The three compa...
Tomas Kauer - News Moderator 
Tokyo, March 3 (Jiji Press)--Japan Tobacco Inc., Philip Morris International Inc. and British American Tobacco PLC have agreed to pay 32.5 billion Canadian dollars to settle their litigation in Canada over health risks from tobacco products, Japan Tobacco said Monday. For the settlement, Japan Tobacco plans to record nearly 400 billion yen in loss allowances as sales expenses. The three compa...
