Lawsuits Filed Against EBIX, IQDNX and VLDR - Jakubowitz Law Pursues Shareholders Claims
NEW YORK, NY / ACCESSWIRE / March 5, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Ebix, Inc. (NASDAQ:EBIX)
CONTACT JAKUBOWITZ ABOUT EBIX:
https://claimyourloss.com/securities/ebix-inc-loss-submission-form/?id=13369&from=1
Class Period : November 9, 2020 - February 19, 2021
Lead Plaintiff Deadline : April 23, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix's gift card business in India during the fourth quarter of 2020; (2) there was a material weakness in Company's internal controls over the gift or prepaid revenue transaction cycle; and (3) the Company's independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix's outside legal counsel; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ:IQDNX)
CONTACT JAKUBOWITZ ABOUT IQDNX:
https://claimyourloss.com/securities/infinity-q-diversified-alpha-fund-loss-submission-form/?id=13369&from=1
Class Period : December 21, 2018 - February 22, 2021
Lead Plaintiff Deadline : April 27, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Infinity Q's Chief Investment Officer made adjustments to certain parameters within the third-party pricing model that affected the valuation of the swaps held by the Fund; (2) consequently, Infinity Q would not be able to calculate NAV correctly; (3) as a result, the previously reported NAVs were unreliable; (4) because of the foregoing, the Fund would halt redemptions and liquidate its assets; and (5) as a result, the Prospectuses were materially false and/or misleading and failed to state information required to be stated therein.
Velodyne Lidar, Inc. (NASDAQ:VLDR)
CONTACT JAKUBOWITZ ABOUT VLDR:
https://claimyourloss.com/securities/velodyne-lidar-inc-loss-submission-form/?id=13369&from=1
Class Period : November 9, 2020 - February 19, 2021
Lead Plaintiff Deadline : May 3, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) certain of Velodyne's directors had failed to operate with respect, honesty, integrity, and candor in their dealings with the Company's officers and directors; (2) the Company was investigating the foregoing matters; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
SOURCE: Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/633743/Lawsuits-Filed-Against-EBIX-IQDNX-and-VLDR--Jakubowitz-Law-Pursues-Shareholders-Claims
