Business / Stock Market

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Ebix (EBIX) Investors to Securities Class Action and Application Deadline, Investors with Losses Should Contact the Firm

Published Apr 05 2021 at 1:35 PM GMT

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SAN FRANCISCO, April 05, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Ebix, Inc.
(NASDAQ:EBIX) investors with significant losses to submit your losses now.
A securities fraud class action has been filed and certain investors may have valuable claims.
19, 2021 Lead Plaintiff Deadline: April 23, 2021 Visit: www hbsslaw com/cases/EBIX Contact An Attorney Now: EBIX@hbsslaw com " 844-916-0895 Ebix, Inc.
(EBIX) Securities Fraud Class Action: The complaint alleges that Defendants concealed 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 4Q 2020; (2) that there was a material weakness in Company's internal controls over the gift or prepaid revenue transaction cycle; and (3) that the Company's independent auditor, RSM, was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of.