Juul agrees to $1.7B settlement amid allegations of marketing to minors: Report
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FILE - A Juul sign hangs in the front window of a bodega convenience store in New York City on June 25, 2022. Electronic cigarette maker Juul Labs has reached settlements covering more than 5,000 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. (Online News 72h Photo/Ted Shaffrey, File) Ted Shaffrey/Online News 72h ...