• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Some Juul users are receiving thousands of dollars as part of a $300M class action settlement
Editor's Pick

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

by October 22, 2024
by October 22, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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 In June, the Food and Drug Administration rescinded an earlier ruling that effectively banned Juul products — but stopped short of greenlighting them for outright sale pending additional review of new health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
You Might Also Like
  • Musk still needs ‘Twitter sitter,’ judges rule
  • Prodded everywhere to tip, Americans often say no
  • Torch Introduces Low-Cost Comprehensive IoT and AI Solution for Early-Stage Outdoor Fire and Wildfire Detection
  • Inflation cooled to 5% in March, but consumer pain is set to linger
Share
0
FacebookTwitterPinterestWhatsapp

previous post
DISCOVER the Top Consumer Discretionary Stocks
next post
Gold and silver: the bullish trend continues for gold

You may also like

Sixteen Nobel Prize-winning economists warn a second Trump term would...

June 26, 2024

Tesla shares plunge 15%, steepest drop in five years

March 11, 2025

Peloton shares fall after posting wider-than-expected loss, falling sales due...

August 24, 2023

Americans grow more confident about the economy, even as the...

January 11, 2024

Consumer protection board sues Walmart and fintech firm over gig-worker...

December 24, 2024

The economy is holding up despite signs of slowdown as...

April 8, 2023

Why are frozen vegetable prices so high? Blame war, immigration...

July 22, 2023

Inflation cooled to 4% in May — the lowest reading...

June 15, 2023

JetBlue says it will end passenger-sharing agreement with American Airlines...

July 7, 2023

Google’s second antitrust trial could help shape the future of...

September 6, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025
    • Breakout Watch: One Stock in Each Sector to Watch Now

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,575 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Netflix inks deal to stream its...

    May 16, 2024

    Musk says time commitment to DOGE...

    April 23, 2025

    The installed base of fleet management...

    December 16, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here