© Reuters. FILE PHOTO: An electronic cigarette device made by JUUL is shown in this picture illustration taken September 14, 2018. To match Special Report VAPING-REGULATION/JUUL REUTERS/Mike Blake/Illustration/File Photo
(Reuters) – Juul Labs Inc is in talks with two of its investors about a bailout that could help it avoid a bankruptcy filing, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Hyatt Hotels (NYSE:) heir Nick Pritzker and California investor Riaz Valani are considering putting up money to cover the e-cigarette maker’s operations and near-term legal liabilities, WSJ said.
Both Juul and parent Altria Group (NYSE:) did not immediately respond to Reuters requests for comment.
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