NEW YORK, March 3, 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of Ebix, Inc. (NASDAQ: EBIX) securities between November 9, 2020 and February 19, 2021including (the “class period”) of the important April 23, 2021 Deadline of the lead plaintiff.
SO WHAT: If you purchased Ebix securities during the class period, you may be eligible for compensation without paying any out-of-pocket expenses or costs through a contingent fee agreement.
WHAT TO DO NEXT: To participate in the Ebix class action lawsuit, go to http://www.rosenlegal.com/cases-register-2041.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] Class action information. A class action lawsuit has already been filed. If you want to appear as the lead plaintiff, you have to move the court at the latest April 23, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.
WHY ROSEN LAW: We encourage investors to select skilled advisors with a track record in leadership roles. Companies that issue notices often lack comparable experience or resources. Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Law firm Rosen has filed its largest class action lawsuit against a Chinese company to date. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The law firm has been in the top 3 every year since 2013 and has collected hundreds of millions of dollars for investors. The company secured itself in 2019 alone $ 438 million for investors. Founding partner in 2020 Laurence Rosen was named the Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the class period, defendants made false and / or misleading statements and / or failed to disclose that: (1) There was insufficient audit evidence to determine the business purpose of certain material unusual transactions at Ebix’s gift card business in India in the fourth quarter of 2020; (2) There was a material weakness in the company’s internal controls over the transaction cycle for gifts or prepaid income. (3) It was reasonably likely that the Company’s independent auditor resigned because of a disagreement with Ebix $ 30 million that had been transferred to a blended escrow account from Ebix’s outside 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 lacking a reasonable basis.
To participate in the Ebix class action lawsuit, go to http://www.rosenlegal.com/cases-register-2041.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] Class action information.
No class has been certified. Until a class is certified, you will not be represented by an attorney unless you keep one. You can choose an attorney of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to participate in a possible future recovery does not depend on whether they are the lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel .: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE THE ROSES LAW FIRM, PA