Juul, Noteholders Settle Delaware Chancery Court Debt Conversion Row

(August 2, 2024, 3:43 PM EDT) -- WILMINGTON, Del. — A vice chancellor of the Delaware Chancery Court granted a joint stipulation settling all claims brought by a group of financial entities against Juul Labs Inc. (JLI) that had opposed a JLI plan to convert notes that they contended were worth $1.9 billion into less valuable equity in an alleged plan by “certain JUUL insiders to plunder the Company for their own benefit.”...