Juul Labs Inc has agreed to pay $1.2 billion to settle about 10,000 lawsuits filed against the e-cigarette maker, which claimed Juul was the primary cause of the e-cigarette epidemic among U.S. teens, according to reports on Dec 10.
Last week, Juul said it had reached settlements with about 10,000 plaintiffs in more than 5,000 cases in California. The company chose not to disclose the settlement amount as part of court proceedings in a federal interdistrict lawsuit.
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Juul’s e-cigarettes were briefly banned in the United States in late June by the Food and Drug Administration, but the ban was put on hold on appeal. The health regulator also agreed to an additional review of the company’s marketing application.