Juul reaches settlements covering thousands of lawsuits
The Associated Press
Electronic 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.
The company has been buffeted by lawsuits and chances that it would seek bankruptcy protection, or a buyer, were elevated last month as Juul announced hundreds of layoffs and secured new financing to continue operations.
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12/8/2022 8:42:28 AM (GMT -6:00)