Juul Settles More Than 5,000 Lawsuits In US

RTTNews | 971 hari yang lalu
Juul Settles More Than 5,000 Lawsuits In US

(RTTNews) - Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes.

In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process, but has secured an equity investment to fund the resolution.

Juul said the cases were brought by around 10,000 plaintiffs against the company and its officers and directors. The settlements were reached with plaintiffs in the federal multidistrict litigation or MDL and related "JUUL Labs Product Cases" or JCCP that have been consolidated in the U.S. District Court for the Northern District of California.

The company said, "These settlements represent a major step toward strengthening Juul Labs' operations and securing the company's path forward to fulfill its mission to transition adult smokers away from combustible cigarettes while combating underage use."

In September, Juul Labs agreed to pay $438.5 million as part of a settlement with 34 states over the way it marketed its vaping products. The settlement followed a two-year investigation into the company's marketing and sales practices.

Over the past year, the company said it has settled with 37 states and territories, and it remains in ongoing discussions with other key stakeholders to resolve the remaining litigation.

As announced in November, Juul Labs has taken a series of steps to stabilize its business operations and address past legal issues. The company said it aims to continue to advance tobacco harm reduction through science and technology, for over 31 million adult smokers in the U.S. and over 1 billion adult smokers worldwide.

For More Such Health News, visit rttnews.com

read more
Tobacco, E-Cigarette Use Among High School Students Drop: FDA, CDC

Tobacco, E-Cigarette Use Among High School Students Drop: FDA, CDC

Overall tobacco product use among U.S. high school students declined in 2023, primarily attributable to reduced e-cigarette use, the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC said, citing the 2023 National Youth Tobacco Survey or NYTS. Meanwhile, there was an increase in current overall tobacco product use and multiple tobacco product use...
RTTNews | 640 hari yang lalu
Altria Files E-vapor Patent Infringement Complaint Against Juul

Altria Files E-vapor Patent Infringement Complaint Against Juul

Tobacco major Altria Group, Inc. has filed a complaint against electronic cigarette maker Juul Labs Inc., seeking a ban on the import and sale of certain Juul e-vapor products. The patent infringement complaint has been filed with the U.S. International Trade Commission or ITC by Altria's newly acquired subsidiary, NJOY. The complaint alleges that Juul's devices and pods infringe certain patents
RTTNews | 712 hari yang lalu
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 2j 19min yang lalu
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 2j 21min yang lalu
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 3j 39min yang lalu
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 3j 47min yang lalu
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 4j 38min yang lalu
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | 5j 1min yang lalu