March 21, 2016
Jumio, an online identification verification company whose clients include United Airlines and Airbnb, has filed for Chapter 11 bankruptcy protection for its U.S. business and initiated the sale of assets, according to court documents. The company, based in Palo Alto, California, said in a court filing on Monday that it has struggled to raise funding for its operations following government investigations into financial irregularities and stock sales by its former management team…
Source: http://www.cnbc.com/2016/03/21/id-verification-company-files-for-bankruptcy-protection.html
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