Juul Asks Court to Block FDA Ban, Explores Possible Bankruptcy Filings - Upsmag - Magazine News

Juul Asks Court to Block FDA Ban, Explores Possible Bankruptcy Filings

juul Labs Inc. asked a federal appeals court on Friday to temporarily block the Food and Drug Administration’s order for the vaping company to immediately pull its e-cigarettes off the US marketa decision that would stub out its business.

In addition to fighting the FDA’s order, Juul has been working with its legal advisers on options that include a possible bankruptcy filing if the company is unable to get relief from the government’s ban, according to people familiar with the matter. The company’s counselor, Kirkland & Ellis is advising on the contingency plans, the people said.

Click to rate this post!
[Total: 0 Average: 0]
Leave a Comment

GIPHY App Key not set. Please check settings