Juul Agrees to Pay $1.2 Billion in Youth-Vaping Settlement
- Deal resolves personal-injury, school-district vaping claims
- Accord would wrap up four-year-long consolidated vaping case
Juul Labs device kit and tobacco pods
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Juul Labs Inc. has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic, according to people familiar with the matter.
The accord, which hasn’t yet been finalized, was announced on Tuesday, but an amount wasn’t disclosed. The deal aims to resolve all personal-injury, class-action and school-district claims against Juul gathered before a judge in California for pre-trial information exchanges, the people said.