The Morning After: Juul will pay $1.2 billion to settle thousands of lawsuits

Dec 12 2022 by Engadget

 

Juul has agreed to pay $1.2 billion to settle thousands of lawsuits – including 8,500 personal injury cases. If you think that’s a huge amount for a relatively young company, it’s got substantial financial backing: Marlboro owner, Altria, invested $12.8 billion in Juul back in 2018.

In 2018, Juul was the leader in the US e-cigarette market, but after a string of controversies, it slipped to second place behind Vuse. The US Food and Drug Administration ordered e-cigarette brands to stop...

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