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Juul Labs Inc. has reached a significant legal settlement, agreeing to pay $1.7 billion to resolve over 5,000 lawsuits, as reported by sources familiar with the matter. The lawsuits accused Juul of targeting minors with its addictive e-cigarette products. Juul maintains it did not intentionally market to young people and is actively working to rebuild trust. This settlement helps alleviate the company's legal liabilities, paving the way for potential sale or investment opportunities. The FDA previously ordered a sales halt for Juul in the US, citing safety concerns.
Saturday, 10 December, 2022