Juul Reaches Settlement of Over 5,000 Lawsuits

Juul said Tuesday that it had secured an equity investment to cover the cost of the settlement. Financial terms weren’t disclosed. Juul has been in talks with early investors including two of its longtime board members, Hyatt Hotels heir Nick Pritzker and California investor Riaz Valani,What’s News

Catch up on the headlines, understand the news and make better decisions, free in your inbox every day.“In our ongoing fight for our company and mission, today’s news represents yet another significant step to secure our path forward,” Juul Chief Executive K.C. Crosthwaite wrote in a memo to staff Tuesday. He said the settlement “addresses the vast majority of outstanding litigation facing our company.

Juul in 2018 became a teen status symbol when sales of its sleek vaporizers surged, upending the tobacco market. Lawmakers, regulators and parents blamed the company for fuelingit never targeted young people but has been working to regain the public’s trust. The settlement covers two pending bellwether trials that were set to go to court early next year, and four broad groups: personal-injury plaintiffs, Juul consumers, government entities such as school districts, and Native American tribes.

“The scope of these suits is enormous,” Sarah R. London, co-lead counsel for plaintiffs in the multi-district litigation, said in a statement. “These settlements will put meaningful compensation in hands of victims and their families, get real funds to schools for abatement programs, and help government and tribal entities prevent youth use of e-cigarettes across the U.S.

As has every nicotine delivery system. But I guess sone get special treatment

What about Philip Morris and R.J. Reynolds? Are they off limits?

Brazil was stolen! The election was frauded like in USA 2020. Help us to tell the true history about the elections stolen by the left wing.

Donald Trump is Jesus Christ

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