North Carolina was the first state to pursue legal action against Juul Labs, and is the first state in the nation to successfully hold JUUL accountable for its role in spiking teen use and dependence on e-cigarettes.
James Monsees stepped down as Chief Executive Officer (CEO) of Juul Labs in 2015 to become the Chief Product Officer at Juul Labs. As a result of his change, Pritzker, Huh, and Valani formed an Executive Committee that lead the efforts of Juul Labs for a year until they appointed a new CEO.
There has been ongoing legal turmoil with Nicholas Pritkzer and Riaz Valani into 2024 with claims by investment firms that both had positioned themselves to personally benefit from the Juul Labs decision to convert debt into equity in October 2023, as a result of large debt accrued by Juul Labs from the state lawsuits. Read more about this here.
From the official AG press release on the outcomes of the legislation, Juul Labs is making the following commitments about its business practices enforceable in North Carolina court in order to avoid appealing to young people:
Further, Juul Labs will pay $40 million to the state over the next six years. That money will fund programs in North Carolina to help people quit e-cigarettes, prevent e-cigarette addiction, and research e-cigarettes.