E-cigarette Maker Juul Settles More Than 5,000 Lawsuits for Undisclosed AmountE-cigarette maker Juul has settled more than 5,000 lawsuits involving approximately 10,000 plaintiffs for an undisclosed amount, the company announced on Dec. 6.
In a press release, Juul said the settlements “represent a major step toward strengthening Juul Labs' operations and securing the company's path forward to fulfill its mission to transition adult smokers away from combustible cigarettes while combating underage use.”
The lawsuits were filed against Juul Labs and its officers and directors, and the settlement resolves claims of personal injury, consumer class action, government entity, and Native American tribes.
The company said that it cannot disclose the amount of the settlement at this time due to the court process, but noted that it has “secured an equity investment to fund the resolution.”...
Source: E-cigarette Maker Juul Settles More Than 5,000 Lawsuits for Undisclosed Amount (https://www.theepochtimes.com/e-cigarette-maker-juul-settles-more-than-5000-lawsuits-for-undisclosed-amount_4908421.html)
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