Juul settles more than 5,000 lawsuits over its vaping products

https://www.npr.org/2022/12/07/ [login to see] /juul-vaping-lawsuits-settlements-5000-cases
Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products.

Financial terms of the settlement were not disclosed, but Juul said that it has secured an equity investment to fund it.

Buffeted by lawsuits, Juul announced hundreds of layoffs last month and bankruptcy appeared increasingly likely as it secured financing to continue operations.