Wealthy investors saved Jules from bankruptcy. Others are crying.

Two long-time directors of Juul Labs—a Hyatt hotels heir and venture capitalist—helped save an e-cigarette maker from bankruptcy.

It was a deal that preserved the equity investment with Nick Pritzker and Riaz Valani, consolidated their hold on the company and secured immunity from thousands of lawsuits against Juul. Juul is currently fighting a lawsuit from a group of investors who claim that the two directors were looking out for their own interests rather than the interests of the company.