Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. For Exela: Jennifer Barrett and Blair Adams of Quinn Emanuel Urquhart & Sullivan; and Thomas Davey of Potter Anderson & Corroon. NASDAQ: XELA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. All investors who purchased shares of Exela Technologies, Inc. and incurred losses are urged to contact the firm immediately at [email protected] or (800) This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. WebExela Smart Office is a suite of interconnected workplace technologies and services. 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. Deadline: May 22, 2020. Exela Technologies reported losses nearly tripled in its latest quarter amid lower contracted revenue and staffing shortages. 06/04/2023 v. Exela Technologies Inc. et al., Delaware Court of Chancery, No. 3 0 obj Exela Technologies reported losses nearly tripled in its latest quarter amid lower contracted revenue and staffing shortages. "Join this Class Action" above.

stream endobj Englewood, CO based DISH, Exela Technologies, Inc. (NASDAQ: XELA) Investor Notice: Investigation over pote . If you are a shareholder who suffered a loss, click here to participate. Exela Loses Bid to Throw Out Investor Suit on Revenue Prediction.

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. 2 0 obj EXELA TECHNOLOGIES, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been 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. The Schall Law Firm a%w;oesji[c&ai>G(85ix !+#. file size: 32 MB, Max. NASDAQ: DISH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. 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.

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The replay passcode is 9773416. 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 files: 5. Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5.

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). By submitting your information, you acknowledge that this form does not create an attorney-client relationship between yourself and The Schall Law Firm. E.g. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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 Technologies, a Delaware Chancery Court judge ruled in a matter of first impression on Tuesday. The judge said the investors could attempt to hold Exela responsible for SourceHOVs failure to pay because they had sufficiently pled that SourceHOV lacked the funds to cover the appraisal judgement and that Exela had deliberately stopped diverting money directly into the subsidiary. The investigation by a law firm concerns whether certain Exela Technologies directors breached their fiduciary duties and caused damage to the company and its shareholders.

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 latest investor complaint satisfactorily pleads that Exela made made materially false and misleading statements about what percentage of its revenue was predictable, Fitzwaters Jan. 21 opinion said. In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Our Standards: The Thomson Reuters Trust Principles. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA), a global business 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. SPEAK WITH AN ATTORNEY : 310-301-3335| Email: info@schallfirm.com. The conference call will be broadcast live on Exelas Investor Relations website at https://investors.exelatech.com/. WebWhen the market learned the truth about Exela, investors suffered damages. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA), a global business Exelas software and services include multi-industry department solution suites addressing finance & accounting, human capital 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.

The investors say that Exela told them 90% of its revenue was predictable, when in reality about 20% was unpredictable. 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 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 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. 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. According to the complaint filed in the U.S. District, Lawsuit filed for Investors in shares of Exela Technologies, Inc. (NASDAQ: XELA). The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Trinseo PLC (NYSE: TSE) concerning whether a series, Lawsuit filed for Investors in shares of Stanley Black & Decker, Inc. (NYSE: SWK , An investor, who purchased shares of Stanley Black & Decker, Inc. (NYSE: SWK), filed a lawsuit over alleged violations of Federal Securities Laws by Stanley Black & Decker, Inc.. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. 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. 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. <> An investor, who purchased shares of Exela Technologies, Inc. (NASDAQ: XELA), filed a lawsuit in the over alleged Federal Securities Laws violations by Exela Technologies, Inc. He said the case appeared to be the first time the court had ruled on the legality of holding subsidiaries accountable for their parent companys actions. 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. See here for a complete list of exchanges and delays. %

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. All rights reserved.

An attorney for Exela could not be reached for comment. ac*s =ueR\X73w*j=UPuJ6}n=r2vL$]&>ajX-P&&2UsP/F)7}bY}'4pJ,+VE v~N Deadline: May 23, 2023. Shares of the Investors allege the business process automation company misled them about how much of its revenue was predictable. 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. Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 19,000 employees operating in 23 countries,Exelarapidly deploys integrated technology and operations as an end-to-end digital journey partner. 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 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. A sua Agncia Digital On March 23, 2020, Sodium Bicarbonate Injection Market Recovery and Impact Analysis Report | Amphas , The latest market research report released by SMI, on the Global "Sodium Bicarbonate Injection Market 2022" is segmented by region (country), company, and Application. Tex., No. 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. Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. Glancy Prongay & Murray LLP represents the investors as lead counsel. The relationship is built through extensive primary and secondary research. luke halpin disappearance; avianca el salvador bancarrota 2020-0601. Exela Technologies Inc. must face accusations it made misleading statements about revenue WebHome; Blog; to what extent do different conservatives agree on the importance of paternalism A lawsuit is pending for certain investors in investors in Exela Technologies, Inc. (NASDAQ: XELA) shares. These forward-looking statements should not be relied upon as representingExela'sassessments as of any date subsequent to the date of this press release. In a parallel suit, the investors sued Exelas board members in August 2020 for allegedly diverting funds from SourceHOV and making it insolvent. 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. Vincent KondaveetiE: vincent.kondaveeti@exelatech.comT: 929-620-1849, Mary Beth BenjaminE: IR@exelatech.comT: 646-277-1216, '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. Investors allege the business process automation company misled them about how much of its revenue was predictable. The amended version also added support for the scienter element of each of the investor theories. Delaware High Court Upholds Appraisal Ruling That Bucked Trend, Adequately pleads acted with severe recklessness, If past complaints other issues fixed not addressed. Exelaanticipates that subsequent events and developments will causeExela'sassessments to change. 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.

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