| Lawsuit
About Opera Fintech OPesa in Kenya Draws
Citigroup Motion to Dismiss in SDNY
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
March 2 – The legacy
Internet browser firm Opera is
now big in fintech, in
Nigeria, Kenya and India,
under the OPesa, OKash,
CashBean and OPay brand names,
offered through Google's Play
Store.
Investors have sued their
ADRs, for failure they say to
properly disclose the fintech
business.
On March 2,
U.S. District Court for the
Southern District of New York
Judge John G. Koeltl held a
proceeding. Inner City Press
covered it.
Citibank
Global Markets has moved to
dismiss.
On March 2 the
argument was made that there
is no duty to separately
break-down reporting on
fintech.
The plaintiffs
were accused of trying to
shift to the argument that it
was future fintech plans that
should be disclosed.
The case is Brown
v. Opera Limited et al.,
20-cv-674 (Koeltl)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2021 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
