Juul Ordered to Pay , $440 Million, in Teen Vaping Settlement.
Electronic cigarette maker Juul Labs will pay a $440
million settlement to end a two-year investigation
into the company's marketing of its vaping products.
'The Guardian' reports that the 33-state
investigation comes after the company was
blamed for sparking a national surge in teen vaping.
The nearly $440 million deal was
announced on September 6 by William Tong,
the Connecticut attorney general.
The nearly $440 million deal was
announced on September 6 by William Tong,
the Connecticut attorney general.
The investigation reportedly looked into Juul's early promotions and claims regarding the safety and benefits of its product as a smoking alternative.
The investigation reportedly looked into Juul's early promotions and claims regarding the safety and benefits of its product as a smoking alternative.
Following the settlement, Juul still faces
nine separate lawsuits from other states.
In addition to these state lawsuits, the company is also facing
hundreds of personal suits brought on behalf of consumers
who say they became addicted to the company's products.
In addition to these state lawsuits, the company is also facing
hundreds of personal suits brought on behalf of consumers
who say they became addicted to the company's products.
Through this settlement, we have secured
hundreds of millions of dollars to help
reduce nicotine use and forced Juul
to accept a series of strict injunctive
terms to end youth marketing
and crack down on underage sales, William Tong, Connecticut attorney general, via 'The Guardian'.
'The Guardian' reports that
the $438.5 million settlement will be
paid out over a period of six to ten years.
This summer, the Food and Drug
Administration moved to ban all
Juul vaping products from the market. .
An ongoing FDA review is one part of a sweeping effort to regulate the multimillion-dollar vaping industry following years of regulatory delay