Vaping Giant To Pay $1.2 Billion Fine For Targeting Teens
Juul Labs has agreed to pay a $1.2 billion fine to settle about 10,000 lawsuits related to selling and marketing addictive e-cigarettes to teenagers
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Juul Labs has agreed to pay a $1.2 billion fine to settle about 10,000 lawsuits related to selling and marketing addictive e-cigarettes to teenagers
Juul Labs has reached settlements covering cases brought by about 10,000 plaintiffs related to its vaping products. Buffeted by lawsuits, Juul announced hundreds of layoffs last month.
Financial terms of the settlement were not disclosed, but Juul said that it has secured an equity investment to fund it.
Electronic cigarette maker Juul Labs has reached settlements covering more than 8,000 cases brought by about 10,000 plaintiffs related to its vaping products.
Juul Labs Inc. reached a settlement of more than 5,000 lawsuits blaming the company for a youth vaping epidemic across the U.S. As part of the accord, the embattled e-cigarette maker isn’t allowed to ...