Los Angeles, CA - 
(NewMediaWire) - April 23, 2021 - The Schall
Law Firm, a national shareholder rights
litigation firm, reminds investors of a class action lawsuit against Ebix, Inc.
(“Ebix” or “the Company”) (NASDAQ: EBIX) for violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the
Company's securities between November 9, 2020 and February 19, 2021, inclusive
(the ''Class Period''), are encouraged to contact the firm before April 26,
2021.
If you are a shareholder who
suffered a loss, click here to participate.
We also encourage you to
contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has
not yet been certified, and until certification occurs, you are not represented
by an attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the
Company made false and misleading statements to the market. Ebix lacked audit
evidence to prove legitimate purposes for large and unusual transactions in its
India gift card business. The Company suffered from material weaknesses in
internal controls over gift cards and prepaid revenue. The Company’s auditor
was likely to resign over $30 million put into a trust account commingled with
its outside legal counsel. Based on these facts, the Company’s public
statements were false and materially misleading. When the market learned the
truth about Ebix, investors suffered damages.
Join the case to
recover your losses.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
