April 13, 2024

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Ebix, Inc. Traders: Previous Times to Take part Actively in the Course Motion Lawsuit Portnoy Regulation Company

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Traders with losses are encouraged to call the business ahead of April 23, 2021 click below to submit trade details

LOS ANGELES, March 09, 2021 (Globe NEWSWIRE) — The Portnoy Legislation Company advises traders that a course motion lawsuit has been filed on behalf of Ebix, Inc. ( EBIX) investors that acquired shares among November 9, 2020 and February 19, 2021. Investors have until April 23, 2021 to search for an energetic part in this litigation.

Traders are inspired to get hold of lawyer Lesley F. Portnoy, to identify eligibility to take part in this motion, by telephone 310-692-8883 or e-mail, or simply click here to be part of the situation.

The allegations of securities fraud focus on no matter if the organization misled investors concerning its compliance with applicable accounting rules. On Friday, February 19, 2021, Ebix introduced that the Company’s auditors, RSM resigned as the company’s unbiased registered general public accounting business. RSM mentioned it was “resigning as a final result of remaining unable, in spite of repeated inquiries, to receive ample correct audit evidence that would allow for it to evaluate the enterprise intent of important unusual transactions that occurred” in 4Q. The Corporation more mentioned that the auditor experienced a “disagreement” on the classification of resources of $30m that was transferred to a rely on account of Ebix’s outside the house legal counsel.

A course action lawsuit has now been submitted. If you would like to serve as direct plaintiff, you will have to move the Courtroom no later on than April 23, 2021.

Please visit our site to evaluate additional information and post your transaction details.

The Portnoy Legislation Firm represents buyers in pursuing claims arising from corporate wrongdoing. The Firm’s founding companion has recovered about $5.5 billion for aggrieved traders. Lawyer advertising and marketing. Prior final results do not ensure very similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]

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