October 13, 2020
Investors of African e-commerce platform Jumia Technologies have asked a New York federal judge to approve a combined $5 million deal to settle two proposed class actions, one in New York federal court and one in state court, to end claims the company fooled investors into thinking it was the "Amazon of Africa" before its initial public offering.
June 02, 2020
African e-commerce platform Jumia Technologies asked a New York federal judge on Monday to dismiss a proposed shareholder class action against it and board members, including NBA player Andre Tyler Iguodala, alleging it fooled investors into thinking it was the "Amazon of Africa" before its initial public offering.
October 30, 2019
A New York federal court on Tuesday made The Rosen Law Firm and Pomerantz co-lead counsel in a suit brought by investors alleging the African e-commerce platform Jumia led them astray ahead of its initial public offering.
July 30, 2019
Jumia Technologies investors began sparring in New York federal court Monday over who should represent the proposed class in the suit alleging the African e-commerce platform led them astray ahead of its initial public offering.
May 15, 2019
African e-commerce platform Jumia Technologies' initial public offering buzz fooled investors into thinking it was the "Amazon of Africa" when, in actuality, company officers were secretly stealing money out from under it, according to a proposed shareholder class action filed in New York federal court.