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Tuesday, April 16, 2024

Juul Gets Hit With Lawsuit From The Federal Trade Commission

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Juul Gets Hit With Lawsuit From The Federal Trade Commission
Juul Gets Hit With Lawsuit From The Federal Trade Commission

The Federal Trade Commission announced its suing e-cigarette manufacturer Juul for breaking antitrust law.

The lawsuit comes after Juul sold a big chunk of its company to tobacco company Altria Group.

According to Gizmodo, Juul sold 35 percent of themselves for $12.8 billion to Altria.

Altria used to be in direct competition with Juul but agreed to not compete in return for some ownership in Juul.

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