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Lipson et al v. OrderUp, Inc. et al
Case Number:
1:16-cv-03833
Court:
Nature of Suit:
Judge:
Firms
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March 29, 2017
OrderUp Delivered A Win In Securities Fraud Suit
A New York federal court on Wednesday granted online food delivery service OrderUp's motion to toss an angel investor group's securities fraud suit alleging the service's board of directors made an end run around investors right before it sold the company for nearly $80 million to Groupon Inc.
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August 22, 2016
Food App Founder Dismisses Investors' 'Seller's Remorse'
The founder of food delivery app OrderUp asked a New York court on Monday to dismiss a lawsuit by a group of "angel investors," arguing their claims he mislead them into selling their shares just before he sold the company for nearly $80 million were just a case of "seller's remorse."