Through JOBS Act, Struggling L.A. Chain Looks for Investors

Giggles N Hugs Inc., a struggling L.A. penny-stock company, says it plans to solicit new investors using rules in the JOBS Act – a law intended to help startups, not older companies, the Wall Street Journal reports. Giggles N Hugs, which runs a three-location chain of kid-friendly restaurants, had big expansion plans that didn’t pan out after it went public in 2011, the Business Journal reported.