One of three major tobacco companies involved in years of negotiations with creditors says it opposes the proposed multi-billion-dollar settlement announced in the case earlier this month.

JTI-Macdonald Corp. has filed a document with an Ontario court indicating it does not support the proposal due to “critical outstanding issues.”

The document was filed ahead of a hearing scheduled today to set the next step for the proposed plan of arrangement presented on Oct. 17.

One of the three big Canadian tobacco companies has filed court opposition to a proposed multi-billion settlement with provinces and smokers{ai:summary}<p>JTI-Macdonald Corp., a major tobacco company, opposes a proposed multi-billion-dollar settlement with creditors, citing unresolved issues. The company filed its objections in an Ontario court ahead of a scheduled hearing regarding the settlement plan.</p><p>#economy</p>

Tobacco company opposes proposed $32.5B settlement with provinces, smokers

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