Juul settles more than 5,000 lawsuits

• These cases involve personal injury, consumer class action, government entity and Native American tribes, per Juul.

The big picture: The announcement comes a month after the company said it secured enough new financing to avoid bankruptcy as it continues to battle federal regulators over selling its products on the open market.

What they're saying: "These settlements represent a major step toward strengthening Juul Labs’ operations and securing the company’s path forward to fulfill its mission to transition adult smokers away from combustible cigarettes while combating underage use," the company said in a statement.