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In re Jumia Technologies AG Securities Litigation
Case Number:
1:19-cv-04397
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bragar Eagel
- Glancy Prongay
- Johnson Fistel
- Levi & Korsinsky
- O'Melveny & Myers
- Pomerantz LLP
- Robbins Geller
- Sullivan & Cromwell
Companies
- Berenberg Capital Markets LLC
- Citigroup Inc.
- Morgan Stanley
- Raymond James Financial Inc.
- RBC Capital Markets
- William Blair & Co. LLC
Sectors & Industries:
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October 13, 2020
Jumia Seeks OK Of $5M Deal To End Investors' Suits
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.
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June 02, 2020
Jumia Wants Out Of Investors' IPO Fraud Class Action
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.
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October 30, 2019
Jumia Investors Get Lead Counsel OK'd In IPO Fraud Suit
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.
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July 30, 2019
Jumia Investors Tussle For Lead Role In IPO Fraud Suit
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.
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May 15, 2019
Jumia Hit With Investor Fraud Suit 1 Month After IPO
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.