Juul's vaping settlement is believed to total $1.7 billion

The proposed settlement would resolve thousands of lawsuits in multidistrict disputes based in Northern California.

The amount of the settlement, which involves a consolidation of cases centered in Northern California, is more than three times greater than the sum reported for other Juul settlements in other state and local cases so far.

The settlement amount was reported earlier by the Wall Street Journal.

In September, the company agreed to pay $438.5 million to settle er a multi-state survey to find out if the company had targeted young people. States investigating the company bristled with ads featuring young models and fruit and dessert flavors that appealed to teenagers. The resulting settlement prevented Juul from targeting the marketing of its products to young people.

The full terms of the settlement, reached earlier this week, have not not been disclosed. But Juul has repeatedly denied targeting minors and hasn't admitted to wrongdoing in making further deals with plaintiffs.

Juul continues to sell its products in the United States pending a decision from the Food and Drug Administration, which regulates e-cigarettes. In June, the agency denied the company's request to allow its vapes and pods to remain on the market. Juul went to court and received a temporary reprieve; the F.D.A. then suspended its decision for further review, which is ongoing.

The new settlement does not end claims against Altria, which held a 35% stake in Juul, according to plaintiffs' attorneys. The agreement does not offer funds immediately, but will open a claims process allowing the 10,000 plaintiffs to request distribution of funds.