Juul Labs reportedly to pay 1.2 Billion to settle 10,000 youth-vaping lawsuits!

According to Bloomberg News, Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic.

Juul said it had settlements with about 10,000 plaintiffs covering more than 5,000 cases in California. The company chose not to disclose the settlement amount as part of the court process in the federal multi-district litigation.

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 that said the company downplayed its products’ risks and targeted underage buyers.

🚭Juul to pay nearly $440 million settlement over youth vaping

Juul Labs agreed to pay nearly $440 million as part of a settlement with 34 states and territories. The investigation found that Juul deliberately marketed its products to young people, even though e-cigarette sales to children are illegal. “Through this settlement, we have secured hundreds of…

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