Juul Labs is battling to stay afloat after the FDA found the company had failed to address safety concerns and ordered all its p
Juul Labs is battling to remain afloat after the FDA discovered the corporate had failed to handle security issues and ordered all its merchandise off the market in the US.

US e-cigarette producer Juul Labs mentioned on Tuesday it had reached a settlement with about 10,000 plaintiffs in California after the corporate was accused of selling its merchandise to youngsters.

The vaping large didn’t disclose the quantity of the settlements, which it mentioned have been associated to greater than 5,000 circumstances, however mentioned the agreements “symbolize a significant step towards strengthening Juul Labs’ operations and securing the corporate’s path ahead.”

The complaints had been filed for , with some in client class motion lawsuits, and others filed by authorities entities or Native American tribes.

Juul is battling to remain afloat after the US Meals and Drug Administration discovered the corporate had failed to handle security issues and ordered all its merchandise off the market in the US.

The corporate has appealed the choice however introduced final month it had been pressured to put off round 400 staff and reduce its working finances by as much as 40 p.c.

Juul mentioned in November it had secured financing from early buyers to keep up its operations.

© 2022 AFP

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E-cigarette maker Juul reaches settlement with 10,000 plaintiffs (2022, December 7)
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