Juul settles another 5,000 lawsuits after receiving equity investment, an effort CEO calls 'yet another significant step to secure our path forward'

Dec 7 2022 by Business Insider

 

Hollis Johnson/Business Insider

Juul Labs settled over 5,000 lawsuits covering 10,000 plaintiffs on Tuesday. The company said it secured an equity investment to fund the settlement, according to a spokesperson. Juul agreed to pay $439 million to US states and territories in a separate settlement in September. 

Juul Labs has announced the settlement of over 5,000 vaping lawsuits, including two trials that were set to go to court in early 2023.

The e-cigarette company said on Tuesday it secured...

Continue Reading Juul settles another 5,000 lawsuits after receiving equity investment, an effort CEO calls 'yet another significant step to secure our path forward'