Deepak Jain, Mehul Desai, Jain-Desai, LLC and defendants Finablr Ventures Holdings, Ltd. and UAE Exchange have agreed to settle the case.
The Delaware District Court has sided with the plaintiffs in a lawsuit targeting Finablr and UAE Exchange International Holdings.
Finablr claims the Delaware District Court has no jurisdiction over it in a case concerning the failed acquisition of Swych.
Finablr seeks more time to respond to claims by Swych shareholders over a case about Swych’s foiled acquisition.
Swych shareholders seek entry of default against Finablr Ventures Holdings, Ltd and UAE Exchange International Holdings.
Minority shareholders of Swych sue Finablr Ventures and UAE Exchange for failure to complete the purchase of their interests.