March 13, 2017
A warehouser objected Friday to plans filed by e-cigarette maker NJOY Inc. to abandon more than 3,000 pallets of their devices, saying that holding and disposing of the inventory is expensive and dangerous due to the lithium batteries they contain.
March 09, 2017
Unsecured creditors of NJOY Inc. asked the Delaware bankruptcy court Thursday for the OK to potentially go after the e-cigarette maker's directors and officers over fraudulent conveyance that allegedly made it impossible for NJOY to be profitable long-term.
November 30, 2016
The federal bankruptcy watchdog objected Wednesday to an attempt by e-cigarette maker NJOY Inc. to seal details of its employee bonus plan, saying that there is no reason to keep the amounts being paid to employees hidden from the public.
November 08, 2016
NJOY told the Delaware bankruptcy court Tuesday that it plans to seek approval to sell to a consortium tied to Douglas Teitelbaum and his Homewood Capital investment firm, an early investor in the e-cigarette company that won an auction with a bid to resolve nearly $30 million in debt.
October 07, 2016
A Delaware bankruptcy judge gave NJOY Inc. final approval Friday for its $6 million post-petition financing package and plans to auction the e-cigarette company in November after learning the debtor had resolved conflicts with the unsecured creditors committee over its funding and how liens are organized.