{"id":441401,"date":"2021-02-22T22:06:03","date_gmt":"2021-02-23T03:06:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441401"},"modified":"2021-02-22T22:06:03","modified_gmt":"2021-02-23T03:06:03","slug":"hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm"},"content":{"rendered":"
\n

SAN FRANCISCO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Ebix, Inc. (NASDAQ: EBIX) <\/strong>investors with significant losses to submit your losses now<\/a>. The firm is investigating possible securities fraud and certain investors may have valuable claims.<\/p>\n\n\n\n\n
\n Visit:<\/strong>
\n www.hbsslaw.com\/investor-fraud\/EBIX<\/a>\n <\/td>\n<\/tr>\n
\n Contact An Attorney Now:<\/strong>\n <\/td>\n\n EBIX@hbsslaw.com<\/a>
\n \n <\/td>\n<\/tr>\n
\u00a0<\/td>\n844-916-0895<\/td>\n<\/tr>\n<\/table>\n

\n Ebix, Inc. (EBIX) Investigation:<\/strong>\n <\/p>\n

The investigation centers on the propriety of Ebix\u2019s reported results and internal controls over financial reporting.<\/p>\n

On Feb. 19, 2021, Ebix announced that its outside auditor, RSM US LLP, had abruptly resigned. RSM advised the audit committee chair that \u201cdespite repeated inquiries\u201d RSM was unable to obtain sufficient audit evidence to \u201cevaluate the business purpose of significant unusual transactions<\/em><\/strong> 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.\u201d These \u201cunusual transactions\u201d concerned the company\u2019s gift card business in India.<\/p>\n

In addition, RSM and Ebix disagreed over whether $30 million transferred to a comingled trust account of its outside counsel should still be classified as cash on Ebix\u2019s balance sheet, even though those funds were outside Ebix\u2019s direct control.<\/p>\n

These revelations drove the price of Ebix shares crashing lower on Feb. 22, 2021.<\/p>\n

\u201cWe\u2019re focused on investors\u2019 losses and determining if Ebix insiders has cooked the company\u2019s books,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you invested in Ebix shares and have significant losses, or have knowledge that may assist the firm\u2019s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>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<\/strong> or email EBIX@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
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.\u00a0\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

\n Contact: <\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Ebix, Inc. (NASDAQ: EBIX) investors with significant losses to submit your losses now. The firm is investigating possible securities fraud and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/EBIX Contact An Attorney Now: EBIX@hbsslaw.com \u00a0 844-916-0895 Ebix, Inc. (EBIX) Investigation: The investigation centers on the propriety of Ebix\u2019s reported results and internal controls over financial reporting. On Feb. 19, 2021, Ebix announced that its outside auditor, RSM US LLP, had abruptly resigned. RSM advised the audit committee chair that \u201cdespite repeated inquiries\u201d RSM was unable to obtain sufficient audit evidence to \u201cevaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020, including whether … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441401","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Ebix, Inc. 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RSM advised the audit committee chair that \u201cdespite repeated inquiries\u201d RSM was unable to obtain sufficient audit evidence to \u201cevaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020, including whether … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T03:06:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzU3NyMzOTg5NTg2IzIwMTg1MzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm\",\"datePublished\":\"2021-02-23T03:06:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\\\/\"},\"wordCount\":417,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE1NzU3NyMzOTg5NTg2IzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm - 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(NASDAQ: EBIX) investors with significant losses to submit your losses now. The firm is investigating possible securities fraud and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/EBIX Contact An Attorney Now: EBIX@hbsslaw.com \u00a0 844-916-0895 Ebix, Inc. (EBIX) Investigation: The investigation centers on the propriety of Ebix\u2019s reported results and internal controls over financial reporting. On Feb. 19, 2021, Ebix announced that its outside auditor, RSM US LLP, had abruptly resigned. RSM advised the audit committee chair that \u201cdespite repeated inquiries\u201d RSM was unable to obtain sufficient audit evidence to \u201cevaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020, including whether … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-23T03:06:03+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzU3NyMzOTg5NTg2IzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm","datePublished":"2021-02-23T03:06:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/"},"wordCount":417,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzU3NyMzOTg5NTg2IzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-investigates-ebix-ebix-for-possible-securities-fraud-after-auditor-quits-questioning-the-accounting-for-significant-unusual-transactions-e\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigates Ebix (EBIX) for Possible Securities Fraud After Auditor Quits Questioning the Accounting for \u201cSignificant Unusual Transactions,\u201d Encourages Investors with Significant Losses to Contact Firm - 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