Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Business

Some Juul users are receiving thousands of dollars as part of a $300M class action settlement

by October 22, 2024
October 22, 2024
Some Juul users are receiving thousands of dollars as part of a $300M class action settlement

Four-figure checks tend not to fall out of the sky.

But a group of e-cigarette users are suddenly finding themselves with a little extra cash, thanks to a massive class action settlement involving one of America’s tobacco giants.

In online forums and on social media this week, users of Juul Labs nicotine products have been posting screenshots of online deposits for hundreds and sometimes thousands of dollars that they now have access to.

The source of the funds is two settlements totaling $300 million agreed to by Juul and Altria, which owns 35% of Juul, over claims the companies misled consumers about the products’ addictiveness and safety. They were also charged with unlawfully marketing to minors.

Altria has denied the allegations, while Juul did not admit wrongdoing. A court has not ruled on whether either company violated any laws.

Juul agreed to a settlement in 2022, but the Altria settlement, which was needed to kickstart payouts, was not approved until earlier this year. And it was only this month that claims for the approximately 842,000 eligible Juul customers began to be verified.

The deadline for submitting claims has already passed.

After deducting for fees, taxes and contingencies, eligible claimants were entitled to a total of approximately $202,000,000. An average claim amount was not immediately available; payouts were based in part on how many receipts a Juul user could produce showing proof of purchase.

A lawyer representing the plaintiffs class did not immediately respond to a request for comment.

Vaping remains mired in controversy in the U.S., as e-cigarette companies and federal regulators continue to haggle over the products’ health effects and marketing guardrails. In June, the Food and Drug Administration rescinded an earlier ruling that effectively banned Juul products — but stopped short of greenlighting them for outright sale pending additional review of new health studies and case law.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Hemlock Semiconductor Secures US$325 Million to Boost US Polysilicon Production
next post
Immigrant business owner blasts ‘anti-science’ Biden admin push that crippled her sales: ‘Devastating’

You may also like

Harvard’s battle with the Trump administration is creating...

Amazon set to pass Walmart in revenue for...

Meta approves plan for bigger executive bonuses following...

GameStop, MicroStrategy shares rise after Ryan Cohen posts...

Tesla shares plunge 15%, steepest drop in five...

Immersive entertainment company Cosm lands rights to broadcast...

AMD launches AI chip to rival Nvidia’s Blackwell

Treasury Dept. will not enforce ownership information reporting...

Trump-Bezos call sets stage for tense earnings report...

Nvidia loses nearly $600 billion in market value...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Hegseth tears up red tape, orders Pentagon to begin drone surge at...

    • SCOOP: Sen Ron Johnson readies subpoenas for FBI, DOJ in Butler shooting probe

    • Jackson defends controversial, fiery SCOTUS dissents as telling people ‘how I feel’

    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

    Categories

    • Business (544)
    • Investing (2,685)
    • Politics (4,282)
    • Uncategorized (1)
    • World (2,735)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top