StockMarketWire.com - British American Tobacco said Monday it was 'extremely disappointed' the Quebec Court of Appeal had not overturn the Superior Court's decision against the company's Canadian subsidiary, Imperial Tobacco Canada, to award billions of dollars to smokers in Quebec.

The cases were brought against the three Canadian tobacco manufacturers, including Imperial Tobacco Canada on behalf of two groups of Plaintiffs: Smokers, who smoked a minimum of 12 pack-years and who were diagnosed with lung, throat and laryngeal cancer or emphysema prior to 12th March 2012; and smokers who were addicted to nicotine at the time the proceedings were commenced (September 1998) and remained addicted until at least 21st February 2005.

Following the release of the judgment from the Quebec Court of Appeal, the plaintiffs requested immediate release of the funds on deposit, which was refused. They then filed a formal motion to release the funds.

Imperial Tobacco Canada, however, filed a motion to prevent the release of the funds in question, the company said.

'We are extremely disappointed that the Quebec Court of Appeal did not overturn the trial court's judgment against our Canadian subsidiary, Imperial Tobacco Canada Ltd, A British American Tobacco spokesperson said.

'We are still of the view that this decision is wrong - ignoring the reality that both adult consumers and government have known about the risk associated with smoking for decades. As a result, we believe it should be overturned.'

'Imperial Tobacco Canada Ltd. needs to review the court's decision in more detail and will decide on next steps over the coming days and weeks. Given the significance of the judgment, they have said that they fully intend to appeal the decision to the Supreme Court of Canada.' Story provided by StockMarketWire.com