Finablr has managed to settle a lawsuit over the acquisition of Swych. This becomes apparent from a Court ruling issued on February 6, 2023.
Plaintiffs Deepak Jain, Mehul Desai, and Jain-Desai, LLC and Defendants Finablr Ventures Holdings, Ltd. and UAE Exchange International Holding, Ltd. have agreed on dismissing the case with prejudice. The parties have resolved and settled all matters in dispute between them in this case.
On February 6, 2023, Judge Stephanos Bibas of the Delaware District Court granted the parties’ joint motion to dismiss the case with prejudice. The case was closed.
Let’s recall that Swych shareholders brought this lawsuit in February 2021.
Swych initially obtained…