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Iovate Health Sciences pursues restructuring
Summary by Nutraingredients-usa.com
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Iovate Health Sciences pursues restructuring
Iovate Health Sciences, based in Ontario, filed a Notice of Intention to Make a Proposal under Canada’s Bankruptcy and Insolvency Act on September 5, 2025, and subsequently sought Chapter 15 bankruptcy protection in the U.S. The proceedings are driven by a lawsuit from Orgain, which accused Iovate of copying its product design, resulting in a US$12.5 million judgment against Iovate and financial strain following garnishment of funds from Walmart…
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