Jumio

Representation of the equity committee in the chapter 11 case of Jumio Inc, an online mobile payments and identity verification company, in the District of 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.