{"id":471898,"date":"2021-04-06T10:03:53","date_gmt":"2021-04-06T14:03:53","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471898"},"modified":"2021-04-06T10:03:53","modified_gmt":"2021-04-06T14:03:53","slug":"ebix-investor-alert-bronstein-gewirtz-grossman-llc-notifies-ebix-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ebix-investor-alert-bronstein-gewirtz-grossman-llc-notifies-ebix-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm\/","title":{"rendered":"EBIX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ebix, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, April 6, 2021<\/span> \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Ebix, Inc. (“Ebix” or “the Company”) (NASDAQ: EBIX)\u00a0and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ebix\u00a0securities between\u00a0November 9, 2020\u00a0and\u00a0February 19, 2021, both dates inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/ebix<\/a>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n

\n
\n \"Bronstein,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.<\/b>\n <\/p>\n

The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements and failed to disclose 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<\/span> during the fourth quarter of 2020; (2) there was a material weakness in Ebix’s internal control over the gift or prepaid revenue transaction cycle; (3) Ebix’s independent auditor, RSM, was reasonably likely to resign over disagreements with Ebix regarding $30 million<\/span> that had been transferred into a commingled trust account of Ebix’s outside legal counsel; and (4) as a result of the foregoing, the defendants’ positive statements about Ebix’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

\n A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: <\/b>
\n www.bgandg.com\/ebix<\/a>
\n \u00a0or you may contact Peretz Bronstein, Esq.<\/span> or his Investor Relations Analyst, Yael Hurwitz<\/span> of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Ebix\u00a0you have until April 23, 2021<\/span> to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/b>\n <\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein<\/span> or Yael Hurwitz<\/span>
212-697-6484 | info@bgandg.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/ebix-investor-alert-bronstein-gewirtz–grossman-llc-notifies-ebix-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm-301262515.html<\/a><\/p>\n

SOURCE Bronstein, Gewirtz & Grossman, LLC<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK, April 6, 2021 \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Ebix, Inc. (“Ebix” or “the Company”) (NASDAQ: EBIX)\u00a0and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ebix\u00a0securities between\u00a0November 9, 2020\u00a0and\u00a0February 19, 2021, both dates inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/ebix.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements and failed to disclose that: (1) there … <\/p>\n

Continue reading “EBIX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ebix, Inc. Investors of Class Action and Encourages Shareholders to Contact the 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-471898","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEBIX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ebix, Inc. 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