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RADNOR, Pa., April 1, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against Ebix, Inc. (NASDAQ: EBIX) (“Ebix”) on behalf of those who purchased or acquired Ebix securities between November 9, 2020 and February 19, 2021, inclusive (the “Class Period”).

Lead Plaintiff Deadline:  April 23, 2021

Website:         

https://www.ktmc.com/ebix-inc-securities-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=ebix
 

Contact:         
James Maro, Esq. (484) 270-1453  

                         Adrienne Bell, Esq. (484) 270-1435 

                         Toll free (844) 887-9500

Ebix supplies infrastructure exchanges to the insurance, financial, travel, cash remittances, and healthcare industries.

The Class Period commences on November 9, 2020, when Ebix filed its quarterly report for the period ended September 30, 2020 on a Form 10-Q with the SEC, stating in relevant part that the “Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our ‘disclosure controls and procedures’ . . . [and] have concluded that these disclosure controls and procedures are effective.”

On February 19, 2021, after the market closed, Ebix revealed that its independent auditor, RSM US LLP (“RSM”), resigned “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 the fourth quarter of 2020” related to Ebix’s gift card business in India. RSM also stated that there was a material weakness related to Ebix’s failure to design controls “over the gift or prepaid card revenue transaction cycle sufficient to prevent or detect a material misstatement.” Additionally, Ebix and RSM disagreed over the accounting treatment of $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel in December 2020.

Following this news, Ebix’s share price fell $20.24, or approximately 40%, to close at $30.50 on February 22, 2021.

The complaint alleges that, throughout the Class Period, the defendants’ positive statements about Ebix’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Ebix investors may, no later than April 23, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected] 

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SOURCE Kessler Topaz Meltzer & Check, LLP

LAS VEGAS, April 1, 2021 /PRNewswire/ — The World Series of Poker (WSOP) today announced much-anticipated plans for 2021, including the return of the live, in-person World Series of Poker event and $10,000 No-Limit Hold’em World Championship, best known as “The Main Event®”.

World Series of Poker at the Rio All-Suite Hotel and Casino

The world-famous tournament series, which experienced record-smashing participation in 2019 and adjusted to a hybrid format to accommodate 2020, will be back in-person at Rio All-Suite Hotel & Casino this fall pending applicable state and/or regulatory approvals.  Cards will be in the air for a diverse calendar of events beginning Thursday, Sept. 30with all play concluding on Tuesday, Nov. 23. 

The 2021 opening weekend is expected to feature a special charity event to benefit frontline health workers, a $25,000 H.O.R.S.E. and a $5 million GTD No-Limit Hold’em event billed as “The Reunion.”

Further details and specifics on the complete schedule will be released this summer.

“The Main Event” is expected to begin Thursday, Nov. 4 and run through Wednesday, Nov. 17.  Players will have their choice of four starting days on Thursday, Nov. 4, Friday, Nov. 5, Saturday, Nov. 6, or Sunday Nov. 7.  Players participating on Thursday or Friday will have their Day 2 on Monday, Nov. 8 if they survive the first day with chips.  Those selecting Saturday or Sunday for an opening flight will play their Day 2 on Tuesday, Nov. 9, with the fields combining on Wednesday, Nov. 10.

Hotel room reservations are now being accepted across Caesars Entertainment’s Las Vegas resorts, including the headquarters at Rio All-Suite Hotel & Casino, with rates as low as $60 for existing Caesars Rewards members. Visit www.caesars.com using promo code “WSOPM” to make your room reservations. Online pre-registration won’t open until this summer, after all events have been determined and approved by regulators. 

Specific COVID-19 safety protocols and other related 2021 tournament policies will be reviewed with gaming regulators in the lead-up to the event.  The World Series of Poker will be compliant with all directives from the state of Nevada regarding social distancing and capacity limits on the tournament dates. 

“This year, more than ever, we embrace our role at the WSOP to deliver memorable experiences and bring this community of poker lovers back together.  In 2021, the theme is, get vaccinated and get back to Vegas,” said Ty Stewart, WSOP Executive Director.

WSOP Online 2021

Building off last summer’s record-setting success for both domestic and international online poker tournaments, WSOP plans to fill the summer void with an exciting slate of WSOP Gold Bracelet online events.

In 2020, WSOP.com’s domestic series awarded nearly $27 million in prize money across its 31 events, making it far and away the biggest online tournament series in the history of U.S. regulated poker.

Similarly, WSOP Online 2020 was a massive draw for international players in partnership with GGPoker, with the WSOP Online Main Event smashing the Guinness Book World Record for largest online poker tournament with a $27.5 million prize pool for a single event.  In total, nearly $150 million in prize money was awarded across the festival, including seven-figure prize pools in 45 events, making it amongst the biggest tournament series in history.

WSOP.com will hold the domestic tournaments on its All-American Poker Network beginning Thursday, July 1, closing with a $1,000 championship. Qualification will be available for as little as $1. 

Complete information about the WSOP Online tournament schedule will be released and published on www.wsop.com on April 15, 2021. Additional information on the international component of WSOP Online 2021 will be published shortly thereafter. 

WSOP Europe 2021

WSOP Europe is expected to round out the year of poker action with its return to King’s Casino in Rozvadov, Czech Republic running from Friday, Nov. 19 through Tuesday, Dec. 8, subject to regulatory approval. 

“We hope and anticipate travel restrictions will ease by the fall,” said Stewart. “It’s important to us that we have an excellent tournament schedule available to our European players.”

The tournament is expected to include 15 gold bracelet events, including a 10,000 euro buy-in WSOP Europe Main Event and a 50,000 euro High Roller event.  For more information on King’s Casino and to book hotel rooms, visit https://kings-resort.com/.

Please note:

 The ability to hold a live, in-person event will be subject to the state of the public health emergency due to COVID-19 and all applicable health, safety, and regulatory approvals, guidelines, and restrictions. WSOP reserves the right to make appropriate modifications to this plan and to the policies and procedures under which the tournament series may be held.

About the World Series of Poker
The World Series of Poker® is the largest, richest and most prestigious gaming event in the world, having awarded more than $3.29 billion in prize money and the prestigious gold bracelet, globally recognized as the sport’s top prize. Featuring a comprehensive slate of tournaments in every major poker variation, the WSOP is poker’s longest-running tournament in the world, dating back to 1970.  In 2019, the event attracted 187,298 entrants from 118 different countries to the Rio All-Suite Hotel & Casino in Las Vegas and awarded more than $293 million in prize money. In addition, the WSOP has formed groundbreaking alliances in broadcasting, digital media and corporate sponsorships, while successfully expanding the brand internationally with the advent of WSOP Europe in 2007 and the WSOP Asia-Pacific in 2013 and the WSOP International Circuit Series in 2015. All WSOP events are subject to the then-current and applicable WSOP tournament rules. For more information, please visit www.wsop.com.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding our strategies, objectives and plans for future development or acquisitions of properties or operations, as well as expectations, future operating results and other information that is not historical information. When used in this press release, the terms or phrases such as “anticipates,” “believes,” “projects,” “plans,” “intends,” “expects,” “might,” “may,” “estimates,” “could,” “should,” “would,” “will likely continue,” and variations of such words or similar expressions are intended to identify forward-looking statements. Although our expectations, beliefs and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, beliefs and projections will be realized. There are a number of risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements which are included elsewhere in this press release. These risks and uncertainties include: (a) the effects of the COVID-19 public health emergency, including (i) the extent and duration of the impact of the global COVID-19 public health emergency and measures to contain the public health emergency or mitigate its impact on the Company’s business, financial results and liquidity; (ii) the ability of the Company to modify its operations to comply with various state, tribal and local directives, mandates, and orders; (iii) the impact of actions the Company has undertaken to reduce costs and improve efficiencies to mitigate losses as a result of the COVID-19 public health emergency, which could negatively impact guest loyalty and our ability to attract and retain our employees; and (iv) changes and instability in global, national and regional economic activity and financial market activity as a result of the COVID-19 public health emergency and the impact on consumer discretionary spending and travel; (b) the possibility that the proposed acquisition of William Hill and the announced and proposed dispositions are not consummated on the expected terms or at all; (c) risks related to the Merger of the Company and CEC and the proposed acquisition of William Hill and the integration of their respective businesses and assets; (d) potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Merger and the proposed acquisition of William Hill; (e) the possibility that the anticipated benefits of the Merger and the proposed acquisition of William Hill, including cost savings and expected synergies, are not realized when expected or at all; (f) risks associated with increased leverage and additional rental expense resulting from debt financing undertaken in connection with the Merger and the proposed acquisition of William Hill and real estate transactions undertaken in connection with the Merger; (g) competitive responses to the Merger and the proposed acquisition of William Hill; and (h) additional factors discussed in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s and CEC’s respective most recent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. Other unknown or unpredictable factors may also cause actual results to differ materially from those projected by the forward-looking statements.

In light of these and other risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. These forward-looking statements speak only as of the date of this press release, even if subsequently made available on our website or otherwise, and we do not intend to update publicly any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made, except as may be required by law.

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SOURCE Caesars Entertainment

INDIANAPOLIS, April 1, 2021 /PRNewswire/ — Paretta Autosport today announced Rocket Pro TPO, the division of Rocket Mortgage which works exclusively with independent mortgage brokers, will serve as the primary sponsor of the No. 16 Chevrolet in the 105^th running of the Indianapolis 500.

Piloted by Simona De Silvestro, the #16 Chevrolet represents a groundbreaking achievement in INDYCAR as the first-ever entrant in the Indianapolis 500 from a team that is female-owned, female driven and largely female crewed.  As the primary sponsor, Rocket Pro TPO will be front-and-center with dominant branding on the car, firesuit and crew suits.

“Having Rocket Pro TPO come onboard as our primary sponsor for this year’s Indy 500 is a perfect partnership,” said Beth Paretta, CEO/team principal of Paretta Autosport. “We are both huge proponents of highlighting the power of women, while also using technology and speed to be the best at what we do. I cannot wait for what we will be able to accomplish as a team – both on and off the track.”

Together, Rocket Pro TPO, Paretta and De Silvestro will partner on the ‘Rocket Accelerator’ multimedia campaign. The group will use unique and innovative ways to amplify women in the mortgage lending and racing spaces by showcasing female leaders who are thriving in these industries.

This campaign will be just the start of an ongoing commitment from the organizations to improve access to employment in mortgage and racing, increase the availability of mentorship opportunities and build a strong sense of community within the lender’s broker partner network.

“It is an honor to be able to use the Indianapolis 500 to highlight and amplify the important role that women play in our industry, in our company and in independent mortgage brokers’ offices all across the country,” said Austin Niemiec, Executive Vice President of Rocket Pro TPO. “Rocket Accelerator will be a central focus of our business as we look to expand opportunities and access for female brokers, while also creating educational programs for the next generation to give them the keys to unlocking their full potential with a robust career.”

“We all need to have our pedal to the metal and win in our respective industries. At the same time, this isn’t about crossing the finish line first, it is about lifting up others and helping them get there too,” said Stacey Van Roosendaal, President and CEO of Sundance Lending which is a Rocket Pro TPO broker partner. “Women can play a significant role in driving these industries to a better place. It is important we support and cheer for our professional sisters wherever they work.”

Rocket Pro TPO is a division of Rocket Mortgage, the nation’s largest mortgage lender, and part of publicly traded Rocket Companies (NYSE: RKT).  The company supports the independent mortgage broker community, whose clients seek face-to-face service with the touch of localized expertise, by providing them the industry-leading Rocket technology and process that has enabled so many to achieve the American dream of homeownership.  

Paretta Autosport’s formal entry into the 2021 Indianapolis 500 was recently accepted. The team is an extension of the INDYCAR series’ “Race for Equality and Change” announced last July to broaden equality in the sport. Paretta Autosport has a technical alliance with Team Penske.

About Paretta Autosport

Paretta Autosport is a new team competing in the NTT INDYCAR SERIES. With a technical alliance with Team Penske, it will attempt to qualify and compete in the 2021 Indy 500 and beyond. More than racing, Paretta Autosport is an initiative to encourage and mentor girls and women to pursue careers in STEM-related fields. The team will incorporate women in key roles: mechanics, engineers, marketing, business operations, and more. Created by female automotive and motorsports executive Beth Paretta, the team is part of the INDYCAR series’ “Race for Equality and Change” initiative.

At Paretta Autosport, the competitive spirit drives us. We work hard and always strive for better: for ourselves, for our team, and for others. For more information go to www.parettaautosport.com.

About Rocket Pro TPO

Rocket Pro TPO is a division of Rocket Mortgage, the nation’s largest mortgage lender, and a part of Rocket Companies, Inc. (NYSE: RKT). It works exclusively with mortgage brokers, community banks and credit unions. Rocket Pro TPO’s partners provide the face-to-face service their clients desire, while tapping into the expertise, technology and award-winning process from Rocket Mortgage. The partner loan officer creates, and maintains, the relationship with the client. Rocket Mortgage approves, underwrites, processes and closes the loan in its name.

For more information please visit www.rocketprotpo.com.

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SOURCE Rocket Pro TPO