Jumio Investor Agrees Ch. 11 Plan Bars Chancery Claims
By Vince Sullivan (April 4, 2019, 7:06 PM EDT) -- A shareholder of former cybersecurity technology firm Jumio Inc. agreed on Thursday to dismiss most of its claims in Delaware Chancery Court against the company's founders and large stockholders for allegedly fraudulently inducing $5 million in capital investment, saying the company's Chapter 11 plan bars the claims.
In a stipulation of dismissal signed by Bloso Investment Ltd., the shareholder agreed to voluntarily toss its claims against Jumio's larger shareholders, including Facebook co-founder Eduardo Saverin, and some directors, but said the allegations against former CEO Daniel Mattes would survive in Chancery Court.
Jumio filed for Chapter 11 protections in March 2016 after...
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