Juul Taps Centerview for Financing Amid Stay on FDA Ban
- The e-cigarette maker has engaged Centerview Partners
- The FDA suspended an earlier ban on Juul’s products on Tuesday
A Juul Labs Inc. e-cigarette, USB charger, and flavored pods.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Juul Labs Inc. is working with bankers at Centerview Partners to help raise financing as it faces consumer lawsuits and an attempt by federal regulators to ban its e-cigarettes from the US market, according to people with knowledge of the matter.
Juul also is getting litigation and restructuring advice from Kirkland & Ellis and Alvarez & Marsal, said the people, who asked not to be identified because they aren’t authorized to speak. The company is weighing options including a potential bankruptcy filing, which could change depending on the outcome of its appeal of the Food and Drug Administration’s ban on Juul’s vaping products and other factors, the people said.