LOS ANGELES--(BUSINESS WIRE)--
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ebix, Inc. (“Ebix” or “the Company”) (NASDAQ: EBIX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ebix announced on October 5, 2018, the appointment of T R Chadha & Co. LLP as its independent registered public accounting firm for the 2018 fiscal year, replacing Cherry Bekaert LLP. Based on this news, shares fell 19%. Following this change, Viceroy Research Group published a series of articles in December alleging that the Company was “booking external revenues on transactions between its subsidiaries.” Based on these reports, shares of Ebix fell significantly.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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