Juul Asks Court to Block FDA Ban, Explores Possible Bankruptcy Filing
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The FDA said that Juul hadn’t submitted sufficient evidence that its devices were safe. 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 U.S. market.
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 counsel, Kirkland & Ellis LLP, is advising on the contingency plans, the people said.
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 counsel, Kirkland & Ellis LLP, is advising on the contingency plans, the people said.
