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$40 million settlement reached between North Carolina and Juul Labs.


Top-selling electronic cigarette manufacturer Juul Labs Inc. has agreed to pay $40 million over six years to settle a legal complaint by state Attorney General Josh Stein.
Stein announced Monday a consent order that will require Juul “to make drastic changes to the way it conducts business.” Another round of pre-trial motions was scheduled for Monday.
Stein said North Carolina is the first state “to successfully hold Juul accountable for its role in spiking teen use and dependence on e-cigarettes.”
Juul said in a statement that the settlement “is consistent with our on-going effort to reset our company and its relationship with our stakeholders as we continue to combat underage usage and advance the opportunity for harm reduction for adult smokers.” ....

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