Yes, that’s true. Juul Labs Inc., the popular e-cigarette company, has agreed to pay up to $300 million to settle a class-action lawsuit brought on behalf of California minors and their parents. This case was revolving around accusations that Juul’s advertising misled young people into believing that vaping was safe. The settlement, if approved, could result in a payout of a few thousand dollars per user who is part of the lawsuit. However, the exact amount would depend on various factors, including the number of people who file valid claims.

The multinational e-cigarette company, Juul, has reached a $300 million class-action settlement and some Juul users are receiving thousands of dollars as part of the settlement. The lawsuit was filed over allegations that the company used deceptive marketing to attract underage users and misrepresented the nicotine content of its products.

The class action suit includes all U.S. residents who purchased at least one Juul device from June 30, 2015, through the date of preliminary approval of the class action settlement. Eligible users are anticipated to receive between $50 and $57 per pod purchased, depending on how many pods they bought. The ones who purchased more pods are likely to get bigger payments. In addition, users who experienced health problems related to Juul use may be eligible for damages related to medical expenses, lost wages, and pain and suffering.

In order to receive a payout, eligible class members must submit a claim. The deadline to claim will be around 90 days after the preliminary approval date. The spending of the $300 million class action settlements will be divided among the claimants and attorneys’ fees, administration costs, and a reserve fund for future lawsuits.

The class action settlement agreement still has to be approved by a judge. If the judge gives preliminary approval to the settlement, potentially affected users will be notified and given information on how to make a claim. Juul’s payment will not admit liability or wrongdoing according to the terms of the settlement. The company also agreed to severalnon-monetary terms, which include making changes in its marketing and product descriptions.

In summary, as a result of this $300 million class-action lawsuit against Juul, some Juul users are receiving thousands of dollars. The payout amount depends on the number of Juul pods purchased by the individual users and any health-related damages. The settlement is meant to hold Juul accountable for its alleged deceptive marketing practices and misrepresentation of its products’ nicotine content.