Evaporation (PIXABAY photo)
The deal is intended to resolve all personal injury lawsuits, including multiple school class action lawsuits against Jewel filed before a judge in San Francisco, California.
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The proposed settlement came after the e-cigarette maker managed to avoid bankruptcy last month with an infusion of cash from longtime investors and by laying off hundreds of workers to cut costs. The company said at the beginning of the week that the arrangement will be covered by the new financing.
Arik Ben Zvi, a spokesman for Juul, declined to comment on Friday about the settlement. If enough plaintiffs and victims sign off on the deal, the judge in charge of the case, William Orrick, will have to approve the deal.
Jewel’s agreements include over 8,500 personal injury cases, according to a statement released by the Leaf Cabreser law firm representing the plaintiffs. Since the agreement has not yet been approved, it is not yet known who will be eligible to be part of the compensation agreement.
Jewel faced a wave of lawsuits accusing him of marketing e-cigarettes containing nicotine and illegally marketing the devices to minors. Officials from the schools stated that they were “very pleased” with the expected agreement.
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