“The purpose of this administrative stay is to give the court sufficient opportunity to consider petitioner’s forthcoming emergency motion for stay pending court review,” the court said, “and should not be construed in any way as a ruling on the merits of that motion.”

The hold will remain in effect at least until July 12.

But if Juul is ultimately banned from selling Juul products in the U.S., it might have to declare bankruptcy, according to one report.

“In addition to fighting the FDA’s order, Juul has been working with its legal advisers on options that include a possible bankruptcy filing if the company is unable to get relief from the government’s ban, according to people familiar with the matter,” The Wall Street Journal said.