Published 4 months ago

E-Cigarette Maker Juul's Financial Rescue Marred by Allegations Against Key Directors' Self-Interest - Altria Group (NYSE:MO)

Summary by Ground News

Nick Pritzker and Riaz Valani played pivotal roles in bailing out the troubled e-cigarette maker. The move has triggered a lawsuit from investors, alleging the directors prioritized personal interests over the company's well-being. Juul denies the allegations, asserting that decisions were delegated to independent directors.

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Benzinga

E-Cigarette Maker Juul's Financial Rescue Marred by Allegations Against Key Directors' Self-Interest - Altria Group (NYSE:MO)

Two longstanding figures on Juul Labs Inc.'s board, Nick Pritzker and Riaz Valani, played pivotal roles in bailing out the troubled e-cigarette maker, ensuring the preservation of their equity investments while steering clear of liability in thousands of

4 months ago·New York, United States

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