U.S. Markets close in 5 hrs 47 mins
  • S&P 500

    3,902.70
    -22.73 (-0.58%)
     
  • Dow 30

    31,857.16
    -104.70 (-0.33%)
     
  • Nasdaq

    13,472.18
    -125.78 (-0.93%)
     
  • Russell 2000

    2,283.69
    -0.69 (-0.03%)
     
  • Crude Oil

    62.98
    -0.24 (-0.38%)
     
  • Gold

    1,776.70
    -21.20 (-1.18%)
     
  • Silver

    27.90
    -0.03 (-0.12%)
     
  • EUR/USD

    1.2226
    +0.0058 (+0.4768%)
     
  • 10-Yr Bond

    1.4540
    +0.0650 (+4.68%)
     
  • Vix

    22.40
    +1.06 (+4.97%)
     
  • GBP/USD

    1.4152
    +0.0011 (+0.0778%)
     
  • USD/JPY

    106.1500
    +0.2680 (+0.2531%)
     
  • BTC-USD

    51,039.34
    +1,628.41 (+3.30%)
     
  • CMC Crypto 200

    1,020.62
    +25.96 (+2.61%)
     
  • FTSE 100

    6,675.48
    +16.51 (+0.25%)
     
  • Nikkei 225

    30,168.27
    +496.57 (+1.67%)
     

Ebix Investors: Company Investigated by the Portnoy Law Firm

  • Oops!
    Something went wrong.
    Please try again later.
Newsfile Corp.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

Investors can contact the law firm at no cost to learn more about recovering their losses

Los Angeles, California--(Newsfile Corp. - February 22, 2021) - The Portnoy Law Firm advises Ebix, Inc. (NASDAQ: EBIX) ("Ebix" or the "Company") investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning whether the Company fabricated key elements of its business.

The allegations of securities fraud focus on whether the company misled investors regarding its compliance with applicable accounting rules. On Friday, February 19, 2021, Ebix announced that, the Company's auditors, RSM resigned as the company's independent registered public accounting firm. RSM said it was "resigning as a result of being unable, despite repeated inquiries, to obtain sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions that occurred" in 4Q. The Company further stated that the auditor had a "disagreement" on the classification of funds of $30m that was transferred to a trust account of Ebix's outside legal counsel.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com

310-692-8883
www.portnoylaw.com

Attorney Advertising

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75146