Motion for Substantive Consolidation Filed by Electronic Cigarettes International Group, Ltd.
May 11, 2017 at 12:00 am EDT
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Electronic Cigarettes International Group, Ltd., filed a motion for substantive consolidation in the US Bankruptcy Court on May 11, 2017. As per the motion, the debtor seeks the substantive consolidation of its United States subsidiaries with its own estate for consolidation of their assets and liabilities. The subsidiaries include Victory Electronic Cigarettes, Inc., VCIG, LLC and FIN Branding Group, LLC.
Electronic Cigarettes International Group Ltd is a United States-based company. The Company is an independent marketer and distributor of vaping products and e-cigarettes. The e-cigarettes are battery-powered products that simulate tobacco smoking through inhalation of nicotine vapor without the fire, flame, tobacco, tar, carbon monoxide, ash, stub, smell and other chemicals found in traditional combustible cigarettes. The Company accommodates the various product preferences of e-cigarette users by offering a set of products, including disposables, rechargeables, tanks, starter kits, e-liquids, open and closed-end vaping systems and accessories. Its products consist of components and nicotine liquids. Its global brand portfolio includes the FIN, VIP, VAPESTICK, E-CIG, PRO VAPOR and VICTORIA brands. The Company offers E-cigarette cartridges in a range of flavors.
ELECTRONIC CIGARETTES INTERNATIONAL GROUP, LTD. 
