EBIX, INC. SHAREHOLDERS MAY HAVE AN OPPORTUNITY TO RECOVER THEIR INVESTMENT LOSSES CLICK HERE TO VIEW THE FIRM RÉSUMÉ OF BERNSTEIN LIEBHARD LLP.
Bernstein Liebhard LLP is investigating potential securities fraud claims on behalf of shareholders of Ebix, Inc. (“Ebix” or the “Company) (NASDAQ: EBIX) resulting from allegations that Ebix might have issued misleading information to the investing public.
If you purchased shares of Ebix, Inc. and would like to discuss your legal rights and/or options, please click “Join Class Action” above.
New York, New York – Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Ebix, Inc. (“Ebix” or the “Company”) (NASDAQ: EBIX) resulting from allegations that Ebix may have issued misleading information to the investing public.
On February 19, 2021, Ebix revealed that RSM US LLP (“RSM”), its independent auditor resigned. The resignation was “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 the fourth quarter of 2020” arising out of the Company’s gift card business in India.
On this news, the Company’s share price fell from $50.74 to close at $30.47 on February 22, 2021.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.