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Portnoy Law: Lawsuit Filed On Behalf of Ebix, Inc. Investors

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Portnoy Law
·1 min read
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Click here to join the case

LOS ANGELES, March 03, 2021 (GLOBE NEWSWIRE) --

The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Ebix, Inc. ("Ebix" or "the Company") (NASDAQ: EBIX) investors that acquired securities between November 9, 2020 and February 19, 2021.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

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 arising from 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

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