NIU Holdings LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on January 25, 2015. The debtor listed its assets in the range of $500 million to $1 billion and liabilities in the range of $0 to $0.05 million. The debtor is represented by Scott Greenberg and Lisa Laukitis of Jones Day as its legal counsels.