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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Murray & Roberts slumps as Australian unit enters business rescue | BusinessShares of engineering firm Murray & Roberts slumped by double digits on Monday morning, after it said its proposed R4 billion sale of its Australian business unit Clough had fallen through, resulting in a business rescue process. | News24_Business _Business Gemeente Heemstede de heer en mevrouw BIDS Schenker heeft 500K weggegooid en is niet tevreden over de zinloosheid van de ontwerpen waarom niet gewoon de OUDE BOUWMATERIALEN BOUWTEKENINGEN er bij gehaald ? Herhalen de oude Tekeningen Belvédère HeemCour
Source: News24 - 🏆 4. / 80 Read more »
Metair puts brakes on plan to split business amid Turkish hyperinflation, Ukraine turmoil | BusinessDespite various disruptions, vehicle component and battery manufacturer Metair is upbeat about local car output – but its battery businesses in Turkey and Romania have been hit by hyperinflation and the invasion of Ukraine. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »