Menu

Jumio

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.

Our website uses cookies to enhance site navigation, analyze site usage, and assist in our marketing efforts. By continuing to browse this website, you agree to our Privacy Policy.