Business

Ebix Inc Reports Conclusion of SEC Investigation and Dismissal of All Pending Securities Claims

Apr 02, 2024

BusinessWire India
Johns Creek (Georgia) [US], April 2: Ebix, Inc. (OTC: EBIXQ) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that the Securities and Exchange Commission (SEC) has concluded its investigation of Ebix and officially communicated that it does not intend to recommend an enforcement action by the SEC against Ebix. This non-public investigation was carried out by the SEC in response to the RSM resignation and the subsequent Hindenburg short report.

In another event, Ebix also announced that it has won the Second Circuit appeal in the United States District Court for the Southern District of New York (SDNY), with all the pending securities fraud claims against Ebix and its officers, filed in the SDNY being dismissed with prejudice and the dismissal affirmed on appeal. This class action suit - Ebix, Inc. ("Ebix") vs. Rahul Saraf (the "Plaintiff"), was filed in the SDNY after the RSM resignation and the subsequent Hindenburg short report.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)

More news

Former England Captain Terry Butcher: "I would pay 7 million to buy Maradona's Golden Ball just to destroy it!"

New Delhi [India], May 18: Diego Armando Maradona, for many - the greatest footballer of all time - was remembered at the stadium where he scored his first-ever international goal for Argentina back in 1979 - Hampden Park, Glasgow. His achievements were recalled by two contrasting figures in his footballing journey. Argentinian World Cup-winning legend Ossie Ardiles, an international teammate and friend of Diego's and perhaps Diego's most famous opponent, legendary England Captain Terry Butcher.

May 18, 2024