JUUL: Juul Stockholder Class Sues In Del. Over Controller Windfall
Two stockholders of e-cigarette venture Juul Labs Inc. sued the company's controllers and board on Friday in a proposed class derivative action seeking damages for an alleged top stockholder scheme to avoid huge liabilities under terms said to have cost the company billions.
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JUUL is a District of Columbia-based company that manufactures and distributes products such as cigarette starter pods, vaporizers and refill cartridges for retailers.
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