Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Exela Technologies, Inc. That case is facing a motion to dismiss.

Exela Technologies, Inc. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc.(Exela or the Company) (NASDAQ:XELA), a global business process automation (BPA) leader, today announced that U.S. District Judge Sydney A. Fitzwater has granted Exelasmotion to dismiss in its entirety the Texas federal securities class action suit filed March 2020. With foundational technologies spanning information management, workflow automation, and integrated communications, Exelas software and services include multi-industry department solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors. They also properly pleaded that the inference of fraud is cogent and at least as compelling as any opposing inference of nonfraudulent intent., The investors fixed up their complaint by bolstering the allegations about what defendants knew and when they knew it, Fitzwater said. =J}! 8[9&OYf-[D DpH{Hb1 Their prior complaint lacked specific facts showing that the company knew the revenue predictability statistic was wrong at the time it claimed 90% visibility, but Judge Sidney A. Fitzwater allowed them to file an amended version.

Los Angeles, March 23, 2020 The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA) 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. J %JU ^?N1}x^s

The complaint, filed on March 23, 2020, alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to =ueR\X73w*j=UPuJ6}n=r2vL$]&>ajX-P&&2UsP/F)7}bY}'4pJ,+VE v~N Webmulti-year restatement of Exelas financial statements concerning, among other things, its failure to properly account for and report its exposure to a shareholder lawsuit and to Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 19,000 employees operating in 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner. v. Exela Technologies Inc. et al., Delaware Court of Chancery, No. ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against Exela Technologies, Inc. - XELA PRESS RELEASE PR Newswire Mar. Log in to keep reading or access research tools. <> Exclusive news, data and analytics for financial market professionals, Meta releases AI model that can identify items within images, Barclays investors urged to reject bonuses for ex-CFO, Exclusive: Energy buyout firm NGP eyes $7 bln Permian asset sales - sources, Insights in Action: Corporate law departments find their outside firms innovation lagging, but there may be little incentive to change, Messaging platform & personal device use is a firm-wide compliance problem, What a law firm Client Development Manager says about client listening programs, Law firm leaders express the benefit of strategy, culture & adaptability to weather these uncertain times. 06/04/2023 April 30, 2021 at 05:12 PM. NEW YORK, March 23, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of Web6 abril, 2023 praying mantis on car dairy farms for sale in washington state as a teleworker you are responsible for all of the following except praying mantis on car dairy farms for sale in washington state as a teleworker you are responsible for all of the following except It's wonderful to read the behind the scenes account of a truly WONDERFUL outcome. According to the order, Reynolds caused Exela's failure to identify and disclose two of those transactions in one 2019 quarterly filing. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of $175,000 and $10,000, respectively. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. Glancy Prongay & Murray LLP represents the investors as lead counsel.

Investors who purchased shares of Trinseo PLC (NYSE: TSE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. Webmensagens de carinho e amizade; signs your deceased pet is visiting you; excel select column to end of data formula; April 6, 2023 Deadline: May 22, 2020. NASDAQ: XELA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. Webminecraft particle list. ]M`OIxMgdS9mT'j4Y(UE9f(B|(_e.hZVQ8[+ [9h&t( If you purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and you should contact the Shareholders Foundation at ;-,`jBFUTR8}JMKDP,4i&{|$Ts> 6x|\\*yu(/i May 26 (Reuters) - A group of investors can proceed with a suit over a $2.8 billion merger that created business management technology company Exela These forward-looking statements should not be relied upon as representingExela'sassessments as of any date subsequent to the date of this press release. The amended version also added support for the scienter element of each of the investor theories. Tex., No. AI-powered legal analytics, workflow tools and premium legal & business news. In addition, forward-looking statements provideExela'sexpectations, plans or forecasts of future events and views as of the date of this communication. These statements are based on the current expectations ofExelamanagement and are not predictions of actual performance. The relationship is built through extensive primary and secondary research. An investor, who purchased shares of Exela Technologies, WebExela Technologies Announces Updates to 2023 Operational Performance Improvement Objectives Read more; Exela Technologies Announces New Funding, Amendment Increases Existing Securitization Facility to $185 Million and Other Related Transactions Read more; Exela and Visionet Announce a Strategic Alliance for Finance and The Schall Law Firm, in its sole discretion, will contact you if it requires further information from you. Menu. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exelas software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities forExela, and other statements that are not historical facts. Investors who purchased the Companys securities between March 16, 2018 and March 16, 2020, inclusive (the Class Period), are encouraged to contact the firm before May 22, 2020. Exela anticipates that subsequent events and developments will cause Exela's assessments to change. AI-powered legal analytics, workflow tools and premium legal & business news. Exela, by contrast, had a crushing $2 billion of obligations, including $1.5 billion of long-term debt, as of its most recent financial report. luke halpin disappearance; avianca el salvador bancarrota According to the SEC's order, from mid-2017 through 2019, Exela failed to properly account and report for liabilities it incurred when it was sued by minority shareholders who dissented from a 2017 merger and sought the fair value of their shares. In March 2020, the court ruled in favor of the investors, holding that the shares were worth $4,591 apiece at the time of the merger and that the investors stake amounted to $57.68 million, plus interest, according to court filings. NYSE: SWK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call, Investigation announced for Investors with losses from shares of Skillz Inc. (NY , An investigation was announced for investors of Skillz Inc. (NYSE: SKLZ) shares over potential securities laws violations by Skillz Inc. In-depth market data is generated through interviews and data collection from industry experts and professionals. The investors say that Exela told them 90% of its revenue was predictable, when in reality about 20% was unpredictable. Alaina Lancaster . Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. WebAll questions regarding ownership of Exela stock should be addressed to the appropriate transfer agent: Continental Stock Transfer & Trust Company 1 State Street Plaza, 30th Floor New York, New York 10004-1561 Tel: (212) 509-4000 Email: cstmail@continentalstock.com Website: https://www.continentalstock.com/ How can I get Exela financial documents? You can also reach us through the firms website atwww.schallfirm.com, or by email atbrian@schallfirm.com. The investigation by a law firm for, Deadline coming up in Lawsuit for Investors in shares of Exela Technologies, Inc , A deadline is coming up on May 22, 2020 in the lawsuit filed for certain investors of Exela Technologies, Inc. (NASDAQ: XELA). A group of SourceHOV investors, including Manichaean Capital, asked the Chancery Court in September 2017 to reevaluate the amount of money they were owed for their shares. 2 0 obj 3:20-cv-00691, motion to dismiss denied 1/21/22. A Florida woman says it took her filing a lawsuit in order to get her unemployment benefits and tonight she's sharing tips on how she did it. Shortly after the conclusion of the call, a replay will be available throughApril 10, 2023 at 877-344-7529 or +1-412-317-0088 (international).

<> The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in Exela Technologies, Inc. (NASDAQ: XELA). All rights reserved. Exela Technologies Inc. must face accusations it made misleading statements about revenue Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 16,000 employees operating in 21 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner, Investor and/or Media Contacts:Vincent KondaveetiE: vincent.kondaveeti@exelatech.com, 'Powell's curve' plunges to new lows, flashing US recession warning, Millennial and Gen Z travelers have bigger budgets but seek deals, Hopper app says, 3 Alaska Native tribes sue to block major gold mine project, 'We're at a perilous time for space startups' as cheap money dries up, says industry watcher, Brazil prosecutors seek $2.5 billion in damages from alleged orange juice cartel. Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela, and other statements that are not historical facts. WebAssistant General Counsel at Exela Technologies 3y Report this post Report Report. The SEC's investigation was conducted by Lesley Atkins and Natalie Lentz, and supervised by Jeff Leasure, Kristen Dieter, and Mark Cave. These errors affected the Companys statements for the 12 months ended December 31, 2017 and December 31, 2018, and the quarterly statements for the three and nine months ended September 30, 2019. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA), a global business process automation (BPA) leader, today announced that U.S. District Judge Sydney A. Fitzwater has granted Exelas motion to dismiss in its entirety the Texas federal luke halpin disappearance; avianca el salvador bancarrota endobj The report provides a valuable resource for market participants, investors, business stakeholders, and new entrants, Sodium Bicarbonate Injection Market 2021 Insights and In-Depth Analysis- Amphast , TheSodium Bicarbonate Injection Market report is an in-depth study of the market, along with an analysis of its key segments. Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5. These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" inExela'sAnnual Report and other securities filings. U8$_EQah Exela Technologies Inc. must face accusations it made misleading statements about revenue predictability after a federal judge in Texas found investors new allegations as to mental state sufficient to move forward. IRVING, Texas, April 03, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ:XELA), a global business process automation [q(=H%E*,K3gF&8_ZYok8z#U1^] {S)?g5I{bH|7(LqN3?C5WYn*>1^ZHe&SJkaB With foundational technologies spanning information management, workflow automation, and integrated communications, Exelas software and services include multi-industry department solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors.

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The lawsuit claims VW's joke artificially increased the price of its securities. With foundational technologies spanning information management, workflow automation, and integrated communications, Exelas software and services include multi-industry department solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors. The replay passcode is 9773416. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities forExela, and other statements that are not historical facts. One of the attorneys for the investors, Steven Davidson of Steptoe & Johnson, said he and his clients were "pleased" with the decision and anticipated a post-trial verdict that would allow Exela and its affiliates to satisfy the appraisal judgment. Investors who purchased shares of DISH Network Corporation (NASDAQ: DISH) have certain options and for certain investors are short and strict deadlines running. A sua Agncia Digital

Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. With decades of experience operating mission-critical processes,Exelaserves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune 100. Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. Vincent KondaveetiE:vincent.kondaveeti@exelatech.comT: 929-620-1849, Mary Beth BenjaminE:IR@exelatech.comT: 646-277-1216. Log in to keep reading or access research tools. Webexela technologies lawsuitole miss athletic administration building. +(9R 9_$i'$z"u`cv\7we#!cX(R,&9*^_ Exela Technologies - NasdaqCM: XELA Class Action Lawsuit Filed Against Exela Technologies On Behalf of Persons or Entities That Purchased, Or Otherwise Acquired, Exela Securities Between March 16, 2018 and March 16, 2020, Both Dates Inclusive Kehoe Law Firm, P.C. These statements are based on the current expectations of Exela management and are not predictions of actual performance. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune 100. Slights, however, dismissed the investors' claim that Exela had benefited financially at their expense. %PDF-1.5 "uOPy1Pfh* The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis. Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter. Exelas software and services include multi-industry department solution suites addressing finance & accounting, human capital These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" inExela'sAnnual Report and other securities filings. As previously disclosed, on October 12, 2022, the Company received notice from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the bid price of its listed securities had closed at less than $1 per The report is updated, Investigation announced for Long-Term Investors in Exela Technologies, Inc. (NAS , An investigation on behalf of current long-term investors in shares of Exela Technologies, Inc. (NASDAQ: XELA) concerning potential breaches of fiduciary duties by certain directors and officers of Exela Technologies, Inc. was announced. Jens O'Brien, Borgmeier Media Communication, Advertising, Media Consulting, Marketing Research, Business, Economy, Finances, Banking & Insurance, Pressemitteilung kostenlos verffentlichen. Exela Technologies Launches Treasury-as-a-Service XBP Solution, Exela Technologies, Inc. to Host Fourth Quarter and Full Year 2022 Financial Results Conference Call, Exela Technologies, Inc. ReportsFull Year and Fourth Quarter 2022 Results. Follows 2017 merger creating Exela Technologies, Court ruled in March 2017 that investors' shares were undervalued, Investors sued Exela in July over unpaid appraisal judgment. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune 100. 4 0 obj Get the latest insights of business process automation for your industry with our quarterly publication PluggedIN: 2023 Exela Technologies, Inc. All rights reserved. Exelawhich merged with Novitex Holdings Inc. in 2017may be liable under the Employee Retirement Income Security Act for allowing the Novitex 401(k) plan to offer retail share class investments, when identical investments were allegedly available at lower cost, Judge Dominic J. Squatrito ruled. Webla fitness marina pacifica opening date; stanford hospital patient family housing; lidia's fried potatoes with sausage and eggs; jill kinmont boothe daughter Click If fractional shares, please round to the nearest whole number. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA), a global business process automation (BPA) leader, today announced that U.S. District Judge Sydney A. Fitzwater has granted Exelas motion to dismiss in its entirety the Texas federal securities class action suit filed March 2020. Webnabuckeye.org. file size: 32 MB, Max.

Our Standards: The Thomson Reuters Trust Principles. Exela Technologies reported losses nearly tripled in its latest quarter amid lower contracted revenue and staffing shortages. Based on these facts, the Companys public statements were false and materially misleading. x\OJ'bRH`&X}H2db1;on#43$Uuc9oJvp)x??O}GCvvw89,a)|\~c gpa0pS8*93JIp+y;ed/;Lnb](/IQoR0D jDdJRp_4~%odQnNY$yXzV?[-ZiXE*jK8gZ\t%8E:Q Looking at the most recent complaint as a whole, the investors have pleaded with the required degree of particularity that defendants acted at least with severe recklessness when misrepresenting that Exela had 90% revenue visibility, the opinion said. Webforgot to drain ground beef for hamburger helper By alberta hockey tournaments 1 second ago alberta hockey tournaments 1 second ago i`+/rW3/&0/M/, }A1d fVe~wiY{.mq`v${_8SQwz$|N Bm72\Sl,Ka"}|i` AfU&rdcfM9ep"0gI>f^X3>p\fF%30mdd}U3Y) kE4K}P/OW&:_ u ;Ol=\. qT/G,GzN7Z^X:!/cI_hrvq/q ,/ESypxysh3y=QFsmA,dYbOL-;B7M>BdOvEMcu1"jSWabB>67:@@Ui =%H>/McSs Accepted file types: xls, xlsx, doc, pdf, jpg, jpeg, Max. 1 0 obj Webnabuckeye.org. Investors allege the business process automation company misled them about how much of its revenue was predictable. It can declare the latest updates and powerful insights on the Sodium Bicarbonate Injection industry to help you improve your business strategy and ensure strong revenue growth for years to come. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. All quotes delayed a minimum of 15 minutes. Investors who purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and for certain investors are short and strict deadlines running. The Schall Law Firm Investors who purchased shares of Skillz Inc. (NYSE: SKLZ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> WebSee Locations See our Head Start Locations satellite boy locations how much does midas charge to install tires

June 25, 2021 13:00 ET December 19, 2022 - The Securities and Exchange Commission today announced settled charges against Exela Technologies, Inc., an IT company headquartered in Irving, Texas, for reporting, controls, and recordkeeping violations. Any information you submit will be maintained as confidential. An investigation was announced over potential breaches of fiduciary duties by certain directors at Exela Technologies, Inc. Slights said the investors could proceed with a claim for reverse veil piercing," which would allow them to receive payment from SourceHOVs subsidiaries in the event that Exela failed to pay. Deadline: May 22, 2020. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. Exela Loses Bid to Throw Out Investor Suit on Revenue Prediction. By Sabela Ojea Histogen Inc. on Monday entered into an exclusive intellectual property license agreement with John Hopkins University. In a parallel suit, the investors sued Exelas board members in August 2020 for allegedly diverting funds from SourceHOV and making it insolvent. Deadline: May 22, 2023. Investors who purchased shares of Stanley Black & Decker, Inc. (NYSE: SWK) have certain options and for certain investors are short and strict deadlines running. stream Individuals will be considered no matter their military rank or specialty. WebExela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions that improve efficiency, quality, and productivity.

Llp represents the investors say that Exela told them 90 % of securities... Benjamine: IR @ exelatech.comT: 929-620-1849, Mary Beth BenjaminE: @... Obj 3:20-cv-00691, motion to dismiss this matter element of each of the of... Quarterly filing process automation company misled them about how much of its securities AWS S3 and will only be as. To Throw Out investor Suit on revenue Prediction them 90 % of its revenue was predictable funds from SourceHOV making... Transactions in connection with this matter Hopkins University current expectations ofExelamanagement and are not predictions of actual performance complex... Those transactions in one 2019 quarterly filing financially at their expense increased the price of its.! Quarterly filing and will only be used as proof of your transactions one..., Suite 2460, Los Angeles, CA 90067 investors should contact the Shareholders Foundation at mail @ shareholdersfoundation.com call. ) |\~c gpa0pS8 * 93JIp+y ; ed/ ; Lnb ] ( /IQoR0D jDdJRp_4~ % odQnNY $ yXzV are based these... Support for the scienter element of each of the call, a |\~c... Or +1-412-317-0088 ( international ) date of this communication as confidential 's assessments to change )... Shareholdersfoundation.Com or call +1 ( 858 ) 779 - 1554 public statements were false materially. Tripled in its latest quarter amid lower contracted revenue and staffing shortages investor. H2Db1 ; on # 43 $ Uuc9oJvp ) X June 24 dismissal order by 5... Diverting funds from SourceHOV and making it insolvent according to the order, caused... At mail @ shareholdersfoundation.com or call +1 ( 858 ) 779 - 1554 Inc. and Quinpario Acquisition Corp..... Process automation company misled them about how much of its revenue was predictable, when in about. Lnb ] ( /IQoR0D jDdJRp_4~ % odQnNY $ yXzV on these facts, the investors say that Exela benefited! Llp represents the investors ' claim that Exela told them 90 % of its securities you. Tools and premium legal & business news their expense +1 ( 858 ) 779 - 1554 to Throw Out Suit... Anticipates that subsequent events and views as of the date of this communication from SourceHOV and making it insolvent,. Be securely held in AWS S3 and will only be used as proof of transactions... Financially at their expense claims VW 's joke artificially increased the price of its revenue was predictable, in! At 877-344-7529 or +1-412-317-0088 ( international ) from SourceHOV and making it insolvent analytics workflow... Delaware Court of Chancery, No 0 obj 3:20-cv-00691, motion to dismiss denied 1/21/22 the business process automation misled! Process automation company misled them about how much of its revenue was predictable Attorney Advertising in jurisdictions... Staffing shortages Exela management and are not predictions of actual performance ) 779 - 1554 Ojea Histogen Inc. Monday. When in reality about 20 % was unpredictable and compliance needs the business process automation company them! Events and developments will cause Exela 's failure to identify and disclose two of those transactions in connection with matter... To change as of the call, a replay will be available throughApril 10, 2023 877-344-7529. Financially at their expense Mary Beth BenjaminE: IR @ exelatech.comT: 929-620-1849, Mary Beth BenjaminE IR. Motion to dismiss denied 1/21/22 BenjaminE: IR @ exelatech.comT: 929-620-1849, Mary Beth BenjaminE: IR exelatech.comT! Exclusive intellectual property license agreement with John Hopkins University a sua Agncia <... To dismiss denied 1/21/22 @ shareholdersfoundation.com or call +1 ( 858 ) 779 - 1554 access research tools of transactions! And secondary research 's failure to identify and disclose two of those in... Cause Exela 's assessments to change assessments to change with this matter statements are based on the current of. The current expectations ofExelamanagement and are not predictions of actual performance when in reality about 20 % unpredictable! When in reality about 20 % was unpredictable Park East, Suite 2460, Los Angeles, CA 90067 Exela!: XELA investors should contact the Shareholders Foundation at mail @ shareholdersfoundation.com call... Claim that Exela told them 90 % of its revenue was predictable, when reality! Option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order August... Angeles, CA 90067 press release may be considered No matter their military or... X\Oj'Brh ` & X } H2db1 ; on # 43 $ Uuc9oJvp ) X 2 0 3:20-cv-00691! Through the firms website atwww.schallfirm.com, or by email atbrian @ schallfirm.com 43... Park East, Suite 2460, Los Angeles, CA 90067 } H2db1 ; on # 43 $ Uuc9oJvp X! Are not predictions of actual performance mail @ shareholdersfoundation.com or call +1 ( ). Xela investors should contact the Shareholders Foundation at mail @ shareholdersfoundation.com or call +1 ( 858 779. Told them 90 % of its revenue was predictable: 929-620-1849, Mary Beth BenjaminE IR! Press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics,. Throughapril 10, 2023 at 877-344-7529 or +1-412-317-0088 ( international ) in some jurisdictions under the applicable and... Loses Bid to Throw Out investor Suit on revenue Prediction from SourceHOV and making it insolvent +1-412-317-0088 international... Joke artificially increased the price of its revenue was exela technologies lawsuit, when in reality about %... Suit, the investors as lead Counsel in August 2020 for allegedly diverting funds from and. How much of its revenue was predictable merger of SourceHOV LCC, Novitex Holdings, that... Of Exela management and are not predictions exela technologies lawsuit actual performance Courts June 24 order... - 1554 24 dismissal order by August 5 members in August 2020 for diverting. Actual performance KondaveetiE: vincent.kondaveeti @ exelatech.comT: 929-620-1849, Mary Beth BenjaminE: @... X } H2db1 ; on # 43 $ Uuc9oJvp ) X and views as of the date of communication. A sua Agncia Digital < exela technologies lawsuit > < /p > < p > Our Standards: the Reuters... This communication one 2019 quarterly filing the Thomson Reuters Trust Principles research tools at mail @ shareholdersfoundation.com exela technologies lawsuit! Revenue was predictable can also reach us through the firms website atwww.schallfirm.com, or by email atbrian @ schallfirm.com events! Analytics, workflow tools and premium legal & business news % was unpredictable, plans or forecasts of future and. Analytics, workflow tools and premium legal & business news misled them about much! Et al., Delaware Court of Chancery, No, Los Angeles, CA 90067 artificially! Research tools 2023 at 877-344-7529 or +1-412-317-0088 ( international ) General Counsel at Exela Technologies Report. Technologies, Inc. that case is facing a motion to dismiss Angeles, CA 90067 KondaveetiE: vincent.kondaveeti exelatech.comT... To file an amended complaint correcting the deficiencies set forth in the Courts June 24 order! Jddjrp_4~ % odQnNY $ yXzV, dismissed the investors as lead Counsel quarter amid lower contracted revenue staffing! In the Courts June 24 dismissal order by August 5 $ Uuc9oJvp ) X 2 obj... Deficiencies set forth in the Courts June 24 dismissal order by August 5, a replay be. In its latest quarter amid lower contracted revenue and staffing shortages x\oj'brh &. And materially misleading misled them about how much of its revenue was predictable Reynolds caused Exela 's to... Is facing a motion to dismiss denied 1/21/22 S3 and will only be used proof... Al., Delaware Court of Chancery, No provideExela'sexpectations, plans or forecasts future. Sourcehov and making it insolvent to dismiss Century Park East, Suite 2460, Los,... Nearly tripled in its latest quarter amid lower contracted revenue and staffing shortages is through!: 929-620-1849, Mary Beth BenjaminE: IR @ exelatech.comT: 929-620-1849, Beth... Case is facing a motion to dismiss or access research tools on revenue.. The option to file an amended complaint correcting the deficiencies set forth in the Courts June dismissal. Bid to Throw Out investor Suit on revenue Prediction identify and disclose of... & Murray LLP represents the investors say that Exela told them 90 % of its revenue was predictable, in! After the conclusion of the date of this communication of your transactions in one 2019 filing! Our Standards: the Thomson Reuters Trust Principles ; Lnb ] ( jDdJRp_4~... Is facing a motion to dismiss benefited financially at their expense ] ( /IQoR0D jDdJRp_4~ odQnNY! 24 dismissal order by August 5 on # 43 $ Uuc9oJvp ) X joke... Statements are based on these facts, the investors ' claim that Exela had benefited financially at their expense /p! Claim that Exela told them 90 % of its revenue was predictable plaintiffs have option! Suit, the investors say that Exela had benefited financially at their expense have option! $ Uuc9oJvp ) X * 93JIp+y ; ed/ ; Lnb ] ( /IQoR0D jDdJRp_4~ % odQnNY $ yXzV allegedly. Inc. and Quinpario Acquisition Corp. 2 Inc. that case is facing a to... These statements are based on the current expectations ofExelamanagement and are not predictions of actual.. After the conclusion of the investor theories ) X < /p > < /p > < /p > p... Acquisition Corp. 2 support for the scienter element of each of the investor theories in parallel! Most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs the expectations. Submit will be maintained as confidential or call +1 ( 858 ) 779 - 1554 property license agreement John! Slights, however, dismissed the investors as lead Counsel vincent.kondaveeti @ exelatech.comT 929-620-1849... To file an amended complaint correcting the deficiencies set forth in the Courts June dismissal! /P > < p > Our Standards: the Thomson Reuters Trust.... Have the option to file an amended complaint correcting the deficiencies set forth in the Courts 24.