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Main image for Facebook Co-Founder Blames Jumio Ch. 11 On Ex-CEO
News

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

Law360

10.14.2016

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.

In a reply brief before the Delaware bankruptcy court, Saverin said that objections from Jumio shareholders Ampalu Investment GmbH, Samirana Investment Corp. and Bloso Investments Ltd. are attempts by the company’s former CEO Daniel Mattes “to protect himself and malign the victims of his fraud.”

Bloso is represented by Jeffrey T. Testa and Kate Roggio Buck of McCarter & English LLP.

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