Company Overview of Imperial Tobacco Canada Limited
Imperial Tobacco Canada Limited manufactures and distributes tobacco products. Its products include tailor-made cigarettes, fine cut tobacco, tubes, and cigarette papers. The company offers its products through retailers in Canada. The company was founded in 1908 and is based in Montreal, Canada. Imperial Tobacco Canada Limited operates as a subsidiary of British American Tobacco plc.
3711 Saint-Antoine Street
Montreal, QC H4C 3P6
Founded in 1908
Key Executives for Imperial Tobacco Canada Limited
Chief Executive Officer and President
Chief Financial Officer, Vice President and Director
Vice President of Operations
Vice President of Law, Secretary and General Counsel
Vice President of Corporate & Regulatory Affairs and Assistant Secretary
Compensation as of Fiscal Year 2014.
Imperial Tobacco Canada Limited Key Developments
Imperial Tobacco Canada Limited Reaches Agreement in Principle to Settle Legacy Litigation with the Flintkote Company for USD 575 Million
Dec 19 14
Imperial Tobacco Canada Limited has reached an agreement in principle with The Flintkote Company for a total of USD 575 million for claims related to certain disputed dividends and existing and potential asbestos claims. The Flintkote case is a legacy litigation that began in 2006 and is completely unrelated to Imperial Tobacco Canada's tobacco activities. The 2006 litigation sought recovery from Imperial Tobacco Canada of certain dividends and other transfers received in 1986 and 1987 after Imasco acquired Genstar Corporation. The litigation also seeks to hold Imperial Tobacco liable for Flintkote's asbestos liabilities. The agreement in principle of the dividend claims and the asbestos related liabilities, brings this long running litigation to an end. Under the terms of the proposed settlement, Imperial Tobacco will obtain protection from current and potential future Flintkote related asbestos liability claims in the United States. The settlement agreement now provides closure on a legacy file, allowing Imperial Tobacco to focus on its current business by finally and completely resolving the existing Flintkote litigation and obtaining protections from potential future litigation related to Flintkote.
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