SAN FRANCISCO — Juul Labs settled more than 5,000 lawsuits this week via a consolidation of claims in U.S. District Court for the Northern District of California.
The resolution reached in the federal multidistrict litigation (MDL) and related “Juul Labs Product Cases” covers more than 5,000 cases brought by approximately 10,000 plaintiffs against Juul Labs and its officers and directors.
While not offering details, Juul said these cases, and subject to the resolution, come from the following groups: personal injury, consumer class action, government entity and Native American tribes.
As part of the settlement and court process, Juul Labs cannot disclose the settlement amount at this time but has secured an equity investment to fund the resolution.
While not offering specifics, 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.”
It added, “Over the past year, Juul Labs also has settled with 37 states and territories, and we remain in ongoing discussions with other key stakeholders to resolve the remaining litigation.”
In November, San Francisco-based Juul Labs said it has taken a series of steps to stabilize its business operations and address past legal issues. “With both new investments in the company’s mission and a resolution like the one achieved today, Juul Labs is charting a path forward 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,” it said.
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