Hagens Berman Alerts Investors in Ebix, Inc. (EBIX) to the Firm's Investigation of Possible Disclosure Violations
SAN FRANCISCO, Oct. 30, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Ebix, Inc. (NASDAQ: EBIX) to the Firm's investigation of possible disclosure violations. If you purchased or otherwise acquired Ebix securities between September 1, 2017 and October 8, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/EBIX
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
On October 5, 2018, Ebix and management announced they decided to replace the Company's outside auditor (Cherry Bekaert LLP) and to appoint TR Chadha & Co. LLP as Ebix's new outside auditor.
This news drove the price of Ebix shares down $14.18, or about 19.6%, to close at $58.10 on October 8, 2018.
Previously, on March 1, 2018, Cherry Bekaert expressed an adverse opinion about Ebix's internal controls over financial reporting.
"We're focused on investors' losses, whether Ebix's historical financial statements require correction, and the circumstances surrounding the decision to replace Cherry Bekaert," said Hagens Berman partner Reed Kathrein.
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 510-725-3000 or email EBIX@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
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SOURCE Hagens Berman Sobol Shapiro LLP
