New York City to Receive $27 million from Juul Settlement
According to a report from Yahoo News on June 13th, New York City will receive $27 million from a settlement agreement with Juul Labs.
In April of this year, the company was ordered to pay a total of $4.62 billion in damages, with the City of New York receiving $1.127 billion as part of the total compensation from e-cigarette settlements in the state. Additionally, five other states, including California and Illinois, as well as the District of Columbia, will also receive a portion of the compensation.
New York State Governor Letitia James sued Juul Labs in 2019 for deceptive and misleading marketing. She announced on Wednesday that the funds from the settlement will be used for education, prevention, and research and enforcement projects aimed at preventing children and young people from smoking.
In New York City, the majority of the funding received (14.9 million US dollars) will be used for schools. It is not yet clear how the remaining funds will be used by the administration of Mayor Eric Leroy Adams, but it is expected that they may be used for law enforcement efforts and public health research. Deputy Mayor Fabien Levy says that there are restrictions on how the money can be used, with permissible options including preventing e-cigarette use, smoking cessation, and law enforcement.
One possible use of the funds is to handle seized e-cigarette products.
City Councilmember Gale Brewer pointed out on Wednesday that handling these products remains a challenge due to the associated costs.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
