© Stocksak. FILE PHOTO – This illustration shows an electronic cigarette device manufactured by JUUL. It was taken on September 14, 2018. To match Special Report VAPING-REGULATION/JUUL REUTERS/Mike Blake/Illustration/File Photo
(Stocksak). – Juul Labs Inc has been in talks to obtain a bailout, which could help it avoid bankruptcy filings, according to Wall Street Journal.
Hyatt Hotels (NYSE) heir Nick Pritzker, and Riaz Valani, a California investor, are looking at raising money to cover the ecigarette maker’s operations as well as near-term legal liabilities.
Both Juul as well as parent Altria Group Stocksak did not immediately respond with comment to their requests.