E-cigarette maker Juul Labs Inc has agreed to pay $462 million to settle claims by six U.S. states including New York and California that it unlawfully marketed its addictive products to minors, the states announced on Wednesday.
to settle thousands of lawsuits by local government entities and individual consumers.
Altria last month announced that it had given up its investment in Juul in exchange for some of Juul's intellectual property. As of December, its share of Juul was valued at $250 million, down from $12.8 billion in 2018.
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Juul to Pay $462 Million to Settle Underage Vaping Lawsuits With Six States and Washington, D.C.Breaking: Juul agreed to pay $462 million to settle lawsuits filed by six states and Washington, D.C., resolving nearly all of the pending litigation against the e-cigarette maker over allegations it marketed its vaping products to underage users
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Juul to pay $462 million to six states in its largest settlement everThe settlement will force retailers to secure Juul products behind counters and verify the age of purchasers, and Juul must cease using people under 35 years old in its marketing materials that directly or indirectly target young people.
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Juul agrees to pay $462 million e-cigarette settlement to 6 states, including CaliforniaThe agreement is the largest settlement the company has reached so far concerning its role in the youth vaping surge.
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Juul to pay $462M to settle claims it unlawfully marketed nicotine products to minorsE-cigarette maker Juul Labs Inc. has agreed to pay a $462 million settlement with six states and the District of Columbia over claims it unlawfully marketed its products to minors.
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