Jumia Seeks OK Of $5M Deal To End Investors' Suits

By Rachel O'Brien (October 13, 2020, 3:25 PM EDT) -- 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....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

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!