Supplement Space Exits: Bankruptcy Traffic Could Accelerate
This article was originally published in The Tan Sheet
Gaspari Nutrition, acquired by Allegro Nutrition, sought Chapter 11 protection after its debt load outstripped its revenue outlook. Natrol threw in the towel and filed after federal judges consolidated multiple class action claims accusing the firm of false advertising for its joint relief products.
You may also be interested in...
Class Action Feeding Frenzy Could Chill On Legislation, Judicial Shift
Food and supplement class action complaints could be slowed by legislation in Congress and by judges potentially de-emphasizing reliance on FDA interpretation of statutes, say lawyers during FDLI conference discussion.
Atkins Moves From Private Equity Portfolio To Simply Good Foods Brand
Roark Capital, with properties across the consumer goods and services spectrum, sells Atkins Nutritionals to Conyers Park Acquisition, which will merge with Atkins to form Simply Good Foods and pay Roark total consideration of $730.1m
$25 Million ‘Pure Fiction’ In Natrol Price Tag Made Real
Natrol owner Aurobindo asks a bankruptcy court for an order before previous owner Plethico Pharmaceuticals agrees to pay close to the price of a phantom engineering contract Plethico claimed as a debt. Aurobindo alleged Plethico sold Natrol to prevent creditors from uncovering the sham.