Juul Labs Inc is discussing a possible bailout with two of its biggest investors in order to avoid a bankruptcy filing, reports Reuters, quoting a Wall Street Journal (WSJ) report.  

People familiar with the matter have claimed that Hyatt Hotels heir Nick Pritzker and California investor Riaz Valani may put up the money that would cover Juul’s operations and near-term legal liabilities, the report said.
If the bailout were to go ahead, Juul would avoid a bankruptcy filing and be able to continue to stay in business and potentially keep selling its products if its current dispute with the US Food and Drug Administration (FDA) is resolved. The FDA banned the sale of Juul products back in June, however the order was later temporarily stayed, reports Reuters.
In a statement to the WSJ, Juul said it would look into all options to secure its business “as we fight to preserve our mission of transitioning adult smokers away from cigarettes while combating underage use.”