JMO Wind Down, Inc.

  1. April 04, 2019

    Jumio Investor Agrees Ch. 11 Plan Bars Chancery Claims

    A shareholder of former cybersecurity technology firm Jumio Inc. agreed on Thursday to dismiss most of its claims in Delaware Chancery Court against the company's founders and large stockholders for allegedly fraudulently inducing $5 million in capital investment, saying the company's Chapter 11 plan bars the claims.

  2. July 02, 2018

    Ch. 11 Plan Dooms Jumio Investor Action, Del. Judge Says

    A Delaware bankruptcy judge on Monday shut down an adversary complaint brought by an investor accusing several insiders of identity-verification startup Jumio of failing to take action to save the company from bankruptcy, finding the investor's claims are blocked by a confirmed Chapter 11 plan.

  3. May 04, 2018

    Jumio Investor Claims Leadership Bungling In Ch. 11 Suit

    Six former insiders and counsel of identity-verification startup Jumio, including a WilmerHale partner, were sued in Delaware bankruptcy court on Friday by an investor who said they ruined the company by causing it to forgo opportunities to be recapitalized before it filed for bankruptcy in March 2016.

  4. September 01, 2017

    Jumio Ch. 11 Trust Accuses Ex-Brass Of Accounting Scheme

    The liquidating trust set up by Jumio Inc.'s Chapter 11 plan launched an adversary action Friday targeting former company brass for an alleged revenue report padding scheme that the trust argues sunk the software developer's fortunes and ultimately drove it into bankruptcy.

  5. October 19, 2016

    Jumio's Ch. 11 Plan, Global Creditor Settlement Approved

    The Chapter 11 plan of bankrupt software developer Jumio Inc. received court approval Wednesday, with a Delaware bankruptcy judge finding the plan was filed in good faith and that releases included in a creditor settlement were appropriate.

  6. October 17, 2016

    Jumio Says Global Creditor Settlement Key To Ch. 11 Plan

    Insolvent software maker Jumio Inc. told a Delaware bankruptcy judge Monday that a global settlement it reached with its creditor constituencies is a vital part of its Chapter 11 plan and that a conversion to a liquidation would result in lower recoveries for everyone.

  7. October 14, 2016

    Facebook Co-Founder Blames Jumio Ch. 11 On Ex-CEO

    Facebook co-founder Eduardo Saverin — a Jumio Inc. director, lender and stalking horse bidder — challenged equity holders' beef with the verification software maker's Chapter 11 plan, contending late Thursday that it was actually the ex-CEO, with whom they are affiliated, who drove the company to insolvency.

  8. October 13, 2016

    IRS Objects To Jumio Ch. 11 Plan Confirmation

    The IRS on Thursday urged a Delaware bankruptcy judge to deny Jumio Inc.'s Chapter 11 reorganization plan, saying that the plan wrongly frees the bankrupt identity verification software maker and its liquidating trust from creditor claims.

  9. October 12, 2016

    Jumio Equity Holder Objects To Releases For Directors

    An equity holder of bankrupt identity verification software maker Jumio Inc. objected to the company's Chapter 11 plan Tuesday, saying releases granted to directors let them off the hook for allegedly driving the firm into insolvency.

  10. September 01, 2016

    Jumio Gets Nod To Begin Polling Creditors On Ch. 11 Plan

    A Delaware bankruptcy judge has cleared Jumio Inc., a company that develops identification verification software, to begin polling its stakeholders on a plan that would pay its various creditors, according to court documents filed Thursday.