Juul to reportedly pay $1.2B to settle 10,000 youth-vaping lawsuits

Final week, Juul stated it had settlements with about 10,000 plaintiffs overlaying greater than 5,000 circumstances in California.
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Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits concentrating on the e-cigarette maker as a serious explanation for a US youth-vaping epidemic, Bloomberg Information reported on Friday, citing folks acquainted with the matter.

Final week, Juul stated it had settlements with about 10,000 plaintiffs overlaying greater than 5,000 circumstances in California. The corporate selected to not disclose the settlement quantity as a part of the court docket course of within the federal multi-district litigation.

In an announcement on Friday, Juul didn't touch upon the phrases of the settlement.

Juul, which is partly owned by Marlboro maker Altria Group, had agreed in September to pay $438.5 million to settle claims from 34 US states and territories who stated the corporate downplayed its merchandise’ dangers and focused underage consumers.

The settlement comes a month after the as soon as red-hot vaping firm had secured an funding from a few of its early traders that might assist Juul keep in enterprise.

Juul’s e-cigarettes had been briefly banned in the USA in late-June by the Meals and Drug Administration, however the ban was placed on maintain following an attraction. The well being regulator additionally agreed to an extra evaluate of the corporate’s advertising software.