Investors Who Purchased Ebix Common Stock File Class Action Lawsuit Against Ebix For Alleged Securities Violations.
A class action lawsuit has been filed against Ebix, Inc. (“Ebix” or “Defendant”) a supplier of software and electronic commerce solutions to the insurance industry, in the United States District Court for the Southern District of New York alleging, among other things, that Ebix made false and/or misleading statements and/or failed to disclose that: (1) Ebix’s tax provisions allegedly did not conform to Generally Accepted Accounting Principles or GAAP; (2) Ebix allegedly overstated its account receivables; (3) Ebix allegedly failed to tie customer payments to specific invoices and (4) Ebix allegedly lacked adequate internal and financial controls, according to Ebix securities fraud class action lawsuit news reports.
The Ebix class action lawsuit complaint is reportedly brought on behalf of a putative class consisting of purchasers of Ebix common stock between May 6, 2009 through June 30, 2011.
If You Have Thoughts On The Ebix Class Action Lawsuit, Share Your Class Action Lawsuit Comments Below.