Chinese Fintech Co. Investors Want $7.5M Deal Approved

By Sarah Jarvis (November 16, 2021, 6:23 PM EST) -- A proposed class of investors has urged a New York federal judge to greenlight a $7.5 million cash deal with Jianpu Technology Inc. to settle claims that the online lending platform hid impending government regulations that could hurt its operations before its initial public offering.

Lead plaintiff Panther Partners Inc. said in a Monday memo that the court should grant preliminary approval of the settlement, calling it fair, reasonable and adequate in light of the risk that the settlement class might recover much less, or nothing, if the litigation were to continue.

"The proposed settlement is a very good recovery on...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!