Monday, 28 September 2015

Tobacco Appeal

Will the appeal of the Quebec judgement against tobacco companies lead to a reduction in damages so that they are $1 billion or less?
Yes: 65%
(For the purposes of this question, all damages, fines, and surcharges count toward the total amount.  The initial appeal is all that matters for this question)

A Quebec court recently ordered tobacco companies to pay $15 billion in damages to Quebec smokers (see article here).  The tobacco companies are appealing the judgement.  I think they will probably win, eventually; the original judgement seems to be somewhat of an outlier, and, as the article mentions, the companies won the initial battle over the immediate deposit of $1 billion.

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