As part of the accord, the embattled e-cigarette maker isn’t allowed to immediately disclose the settlement amount, the company said in a statement, adding that the accord will be funded with an equity investment.
The sprawling Juul litigation in San Francisco federal court included about 3,234 personal injury suits and more than 1,313 complaints brought by government entities and native Indian tribes, in addition to a proposed class-action fight, according to a recent court filing. The company reached an agreement in principle in September to pay $438.5-million to 33 states to resolve a two-year bipartisan probe into its marketing and sales practices, particularly claims that it marketed addictive nicotine products to children.
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