Blaming a “major cash liquidity crisis,” Jane Cosmetics has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Jane is a value-oriented cosmetics brand with annual revenues of about $25 million. In February, the company sent a letter to suppliers explaining its problems and how it “is unable to meet its current payment obligations.” The problems stem from three contributing factors, the letter said, including a number of discrepancies with a “...