The e-cigarette maker faced more than 8,000 lawsuits suits brought by individuals and families of Juul users, school districts, city governments and Native American tribes. This week's settlement resolves most of those cases.
FILE - Juul products are displayed at a smoke shop in New York, on Dec. 20, 2018. Embattled vaping company Juul Labs announced layoffs Thursday, Nov. 10, 2022, as the company tries to weather growing setbacks to its electronic cigarette business, including lawsuits, government bans and increasing competition.
The e-cigarette maker faced more than 8,000 lawsuits suits brought by individuals and families of Juul users, school districts, city governments and Native American tribes. This week's settlement resolves most of those cases, which had been consolidated in a California federal court pending several bellwether trials.
Juul rocketed to the top of the U.S. vaping market five years ago on the popularity of flavors like mango, mint and creme brulee. But the startup's rise was fueled by use among teenagers, some of whom became hooked on Juul’s high-nicotine pods. In June the Food and Drug Administration rejected Juul’s application to keep its product on the market as a smoking alternative for adults, throwing its future into uncertainty. The FDA said Juul did not adequately address key questions about the potential for chemicals to leech from its device. The FDA has placed a temporary hold on its initial decision while Juul files an appeal.
Altria pulled its own e-cigarettes off the market in 2018 after taking a nearly $13 billion stake in Juul. But that investment has lost more than 95% of its value as Juul’s prospects have dimmed, giving Altria the option to exit its non-compete agreement.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Juul reaches settlements covering more than 5,000 casesJuul rocketed to the top of the U.S. vaping market five years ago on the popularity of flavors like mango, mint and creme brulee. But the company’s rise was fueled by use among teenagers, some of whom became hooked on Juul’s high-nicotine pods.
Lire la suite »
Juul reaches settlements covering more than 5,000 casesElectronic cigarette maker Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products
Lire la suite »
Juul reaches settlements covering thousands of lawsuitsElectronic cigarette maker Juul Labs has reached settlements covering more than 8,000 cases brought by about 10,000 plaintiffs related to its vaping products. Financial terms of the settlement were not disclosed, but Juul said that it has secured an equity investment to fund it.
Lire la suite »
Juul agrees to pay more than $15.7 million to Indiana in multi-state settlementIndiana is slated to receive nearly $16 million as part of a multi-state settlement reached with electronic cigarette company Juul.
Lire la suite »
Juul Reaches Settlement of Over 5,000 LawsuitsJuul reached a settlement covering more than 5,000 lawsuits that accused the e-cigarette company of marketing to children and teens
Lire la suite »
Juul settles more than 5,000 lawsuitsJuul Labs announced Tuesday that it has reached a settlement on more than 5,000 cases involving about 10,000 plaintiffs.
Lire la suite »