Chinese FinTech Co. Investors Want $ 7.5 Million Deal Approved

By Sarah Jarvis (Nov 16, 2021, 6:23 p.m. EST) – A proposed class of investors has urged a New York federal judge to green light a $ 7.5 million cash deal with Jianpu Technology Inc. to settle allegations that the online lending platform hid impending government regulations that could hurt its operations ahead of its IPO.

Lead plaintiff Panther Partners Inc. said in a memo Monday that the court is expected to grant preliminary approval of the settlement, calling it fair, reasonable and adequate in light of the risk that the settlement group will recover much less, or nothing. , if the litigation was to continue.

“The proposed regulation is a very good recovery on …

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