Juul agrees to $1.7B settlement amid allegations of marketing to minors: Report

Juul Labs Inc, an electronic cigarette company, has agreed to pay $1.7 billion to settle more than 5,000 lawsuits, according to reports.

A bulk of the suits allege that the company used its marketing to target children and teenagers. Despite the settlement, Juul has denied the accusations.

The various lawsuits by more than 10,000 plaintiffs were consolidated in the U.S. District Court for the Northern District of California, with the lawsuits included dealing with personal injury, consumer class action, government entities, and Native American tribes.

Juul also agreed in September...