IPOE - Renren jumps after judge calls for an attachment from the defendant (update)

Update 5:50pm: Updates shares, adds link to judge's order.Renren (RENN) rose 37% after a judge in lawsuit connected to SoFi (IPOE) granted an attachment ruling.The defendants must produce the location of the assets by Monday for an order of attachment, the Judge Andrew Borrok said in his oral order. The short hearing ended abruptly after the judge made his comments.Social Capital Hedosophia Holdings V (IPOE), the Chamath Palihapitiya SPAC that is taking SoFi public, gained 2.3%. Renren shares have gained almost 152% this year.The lawsuit centers around a group of shareholders, including activist Oasis Management, who sued Renren to recover a stake alleging "gross foul play" in the deal.Oasis filed a lawsuit against Renren, its founder and CEO Joseph Chen, and others claiming that the defendants stripped Renren of its SoFi stake and other valuable investments at far below market prices.Recall March 16, Renren gains after appellate court affirms lower court ruling, SoFi-related suit

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Renren jumps after judge calls for an attachment from the defendant (update)