Market Newsdesk

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.

Class Period: Nov. 9, 2020 – Feb. 19, 2021
Lead Plaintiff Deadline: April 23, 2021
Visit: www.hbsslaw.com/cases/EBIX
Contact An Attorney Now:	[email protected]
	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 Ebix’s outside legal counsel.

Investors began to learn the truth on Feb. 19, 2021 when RSM abruptly resigned, stating that that “despite repeated inquiries” RSM was unable to obtain sufficient audit evidence to “evaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020, including whether such transactions have been properly accounted for and disclosed in the financial statements subject to the Audit.” These “unusual transactions” concerned the company’s gift card business in India.

In addition, RSM and Ebix reportedly disagreed over whether $30 million transferred to a comingled trust account of Ebix’s outside counsel should still be classified as cash on Ebix’s balance sheet, even though those funds were outside Ebix’s direct control.

On this news, the Company’s share price fell as much as $20.24, or 40%, in a single trading day.

On Mar. 8, 2021, Ebix announced it has retained KG Somani & Co. as its new auditor, that it would not file its annual report until Apr. 2021, and that Board-appointed consultants and outside legal counsel are continuing “to evaluate the payment solutions business.”

Most recently, on Mar. 11, 2021, the Company received a noncompliance letter from Nasdaq for failing to timely file its 10-K, demanding that EBIX submit a plan to regain compliance with Nasdaq’s rules by Apr. 16.

“We’re focused on investors’ losses and proving Ebix insiders cooked the company’s books,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Ebix shares and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Ebix should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman


Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

 

Fairfield, NJ, April 05, 2021 (GLOBE NEWSWIRE) — StayinFront, a leading global provider of mobile, cloud-based customer relationship management (CRM) solutions for life sciences and consumer goods organizations, announced today a multi-year agreement with Nobelpharma America, LLC, a pharmaceutical company developing critical, but neglected, pharmaceuticals and medical devices for unmet needs, to deploy its Touch Platform suite of products.

StayinFront will provide its mobile solution, StayinFront TouchRx®, to Nobelpharma’s field representatives to access critical CRM information. The solution will allow Nobelpharma representatives to use advanced targeting tools to create schedules with key healthcare providers (HCPs), use integrated Closed Loop Marketing (CLM) presentations for product details, and show responsive follow up using StayinFront Briefcase®, delivering one-on-one approved messaging with interactive surveys, videos and digital brochures. StayinFront Mobile KPIs will provide field teams, managers, and home office with the ability to track performance against key metrics such as product usage and call activity.

“We are focused on a critical segment of the healthcare provider population. StayinFront’s suite of products is unique in that it seamlessly allows Nobelpharma to target the right message to the proper audience and track activity and the important interactions,” stated Douglas Loock, Vice President, Sales and Marketing, Nobelpharma. “As a company, StayinFront has a long history of providing cost-effective, relevant solutions to the Life Sciences industry.”

“Our StayinFront Touch platform is designed to deliver flexible, cost-effective and easy-to-maintain mobile cloud products and services. We envision rapid deployment to support their growing business,” commented Ken Arbadji, Vice President Sales, North America at StayinFront.

About Nobelpharma America, LLC
Nobelpharma America, LLC is the first global subsidiary of Nobelpharma Co. Ltd., headquartered in Tokyo, Japan. Nobelpharma was founded in 2003 in Tokyo, Japan and received its first drug approval in Japan in 2008. Since then, Nobelpharma has received approvals for over 15 drugs and devices in Japan across a wide range of indications, bringing life-changing treatments to patients, caregivers, and health care providers. Nobelpharma is committed to meeting essential patient needs by developing treatments for diseases that often go overlooked because of the small number of patients affected. Nobelpharma has a societal obligation to develop therapies and devices that help improve the lives of people living with diseases with little or no other treatment options.

About StayinFront
StayinFront is a leading global provider of mobile, cloud-based field force effectiveness and customer relationship management solutions for life sciences and consumer goods organizations. Companies of all sizes, in over 50 countries use StayinFront software to streamline sales operations and reduce the complexity, time and expense associated with field efforts. StayinFront products are seamlessly integrated to provide companies with timely, accurate field data and actionable insights, enabling field reps and management to Know More, Do More and Sell More. Headquartered in Fairfield, New Jersey, StayinFront has offices in Chicago, Canada, the United Kingdom, Turkey, Ireland, Poland, India, Australia, Singapore, and New Zealand. For more details about StayinFront products and solutions, visit www.stayinfront.com.

StayinFront Contact
Ken Arbadji
Vice President of Sales, North America
+1 (973) 461-4800 x3247
[email protected]

StayinFront Media Contact
Crystal Ozsoy
Senior Marketing Manager
+1 (973) 461-4800 x3390
[email protected]

Philadelphia, PA, April 05, 2021 (GLOBE NEWSWIRE) — Virtual classes may have posed difficulty for many amid COVID-19, but a recent survey of 16- to 18-year-olds in the U.S. and U.K. shows that one in three students say their ideal post-pandemic learning environment includes some kind of online component.

The survey, conducted by Philadelphia-based Society for Industrial and Applied Mathematics (SIAM) in March, gathered responses from 1,060 11th and 12th grade students from across the U.S. and sixth form students in England and Wales to determine their views regarding virtual learning. The students queried are participants in this year’s MathWorks Math Modeling (M3) Challenge, an annual internet-based, intensive math modeling contest organized by SIAM.

“While the majority of students said they prefer 100 percent in-class learning, surprisingly, one third said they would choose either full-time or part-time online education when things return to normal after the pandemic,” said Michelle Montgomery, M3 Challenge program director at SIAM.

According to the survey, 67 percent of students – the vast majority whose education transitioned online to some degree amid the pandemic – prefer learning completely in-person, while 29 percent favor a hybrid arrangement with up to half of their time in a virtual learning environment. Four percent say they would be happy learning virtually full time or for a majority of their time.

“Interestingly, while 73 percent of the students queried said they don’t learn as well virtually, nine percent said they learn better online and 19 percent say they find no difference in their ability to learn either way,” Montgomery said.

Now in its 16th year, M3 Challenge involves high school juniors and seniors, and sixth form students, working in small teams and committing 14 consecutive hours on a designated weekend in February/March to devise a solution to a real-world problem using mathematical modeling. Of the hundreds of participating teams, ten finalist teams were selected from across the U.S., England and Wales, after having their submissions judged by an international panel of Ph.D.-level mathematicians. The competition’s final judging event — traditionally held in New York City — will be done virtually on April 26 this year.

Sponsored by MathWorks, the leading developer of mathematical computing software, M3 Challenge spotlights applied mathematics and technical computing as powerful problem-solving tools and viable, exciting professions. This year’s competition — which marks the first time M3 Challenge is open to students from England and Wales, awarding more than US$125,000 (£90,000) in scholarship prizes — asked students to use math modeling to provide solutions to combat the “digital divide” (the gap between those who benefit from adequate access to the internet and those who do not), a reality magnified by the pandemic. It drew the participation of nearly 2,400 students across 535 teams.

Survey highlights

According to the survey, the No. 1 benefit of virtual learning cited by three quarters of all respondents is the time savings (traveling to and from school, changing classrooms, etc.), leaving extra hours for studying and other activities. Being able to get more sleep and occasionally having a more flexible schedule were each cited by 73 percent of students as other benefits. Almost one third said they see the advantage of having one’s own private learning environment at home, saving money (on transportation, clothing, etc.) and, in some cases, being able to review recorded classes later if needed.

The main drawbacks of online learning? According to the majority of students, it’s hard to stay focused (76 percent) and it can feel lonely or isolating due to the lack of in-person social interaction and connection to other students (66 percent). Almost half of the students said a main disadvantage is the lack of face-to-face interaction with teachers, 42 percent think teachers tend to assign more projects so the workload can be heavier, and 40 percent said the explanation of assignments seems less thorough.

The majority of those who said they perform better virtually versus in-person credit the fact that they get more sleep at night and feel more rested since they don’t have to commute to school (72 percent), and they can relax more during breaks, so they tend to concentrate better in online class (61 percent). More than one third said they’re better prepared for class since they’re forced to be more responsible due to the independent nature of online learning, they have less social pressure so can focus better in class, and they can more easily focus on what the teacher is saying since they’re less distracted by others in the class.

Students who perform better in person said that it’s harder to get motivated to learn virtually (83 percent) and they prefer live, face-to-face interaction (72 percent). They also said there are more distractions at home so it’s harder to focus (70 percent), and they’re less likely to make a connection with the teacher and ask questions in a virtual class (61 percent).

Student tips for virtual learning

When it comes to core subjects that lend themselves best to virtual learning, the majority of students cited English and History. Science and Math are seen by respondents as being the most challenging courses to learn online.

How can teachers make virtual learning of math courses more effective? Just over half (55 percent) of the students suggest using visual tools and videos to explain math concepts, while 53 percent recommend that teachers record classes for students to review later, as needed. About half of the students would like to see teachers better use technology and digital programs to explain math concepts. Thirty-seven percent think it would be helpful for teachers to provide one-on-one sessions with students to answer questions and ensure they understand concepts, and 31 percent suggest explaining concepts using real-world examples.

In providing advice for other students, respondents said the key to online learning success is to establish a daily schedule and stick to it (70 percent), attend all virtual classes and keep up with schoolwork (63 percent), connect socially with friends, even if virtually (46 percent), exercise frequently and eat well (45 percent), have a designated place to “attend” virtual classes (39 percent), and take frequent breaks (36 percent).

“We know that all students learn differently, and the results of this survey show that there is a role online learning can play for many students,” Montgomery said.

More information about M3 Challenge and the 2021 challenge problem can be found at https://m3challenge.siam.org.

To see the full list of schools with winning teams, visit https://m3challenge.siam.org/node/531.

About Society for Industrial and Applied Mathematics




Society for Industrial and Applied Mathematics (SIAM), headquartered in Philadelphia, Pennsylvania, is an international society of more than 14,000 individual, academic and corporate members from 90+ countries. SIAM helps build cooperation between mathematics and the worlds of science and technology to solve real-world problems through publications, conferences, and communities like chapters, sections and activity groups. Learn more at siam.org.

Attachment

• M3 Challenge 2021 Infographic — FINAL

Becky Kerner
Society for Industrial and Applied Mathematics
267-992-8681
[email protected]