Big Tobacco nears $24 billion settlement to end Canada lawsuits
A man is seen smoking a cigarette on June 9, 2022. The Biden administration plans to propose a rule to establish a maximum nicotine level in cigarettes and other finished tobacco products in an attempt to make them less addictive, the White House Budget Office said Tuesday.Justin Tallis | Afp | Getty ImagesPhilip Morris, British American Tobacco, and Japan Tobacco will pay C$32.5 billion ($23.6 billion) to settle a long-running tobacco lawsuit in Canada, as part of a court-appointed mediator's proposed plan, Philip Morris said on Friday.If approved, the plan would be the largest settlement of its kind outside the United States, said Jacob Shelley, co-director of the Health Ethics, Law and Policy lab at Canada's Western University.The Canadian units of the three tobacco giants were dealt a ...
