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Jumio Inc.

The firm represented the equity committee of Jumio Inc, an online mobile payments and identity verification company, in a chapter 11 protection that was filed in the US Bankruptcy Court in Wilmington, Delaware. Facebook co-founder Eduardo Saverin, main creditor of Jumio, offered to acquire Jumio out of bankruptcy for $22.7 million, inclusive of debt forgiveness and $3.2 million in cash. Saverin’s bid fell short, and Jumio’s assets were sold to an investment firm.