XELA.US
id: 839
Exela Technologies (XELA) $5M Shareholder Settlement
N.D. Texas
Court3:20-CV-0691
Case number03/16/2018
Class period Start03/16/2020
Class period End01/24/2024
Claim deadlineExela Technologies (XELA) settles $5 million with investors to end litigation over accounting errors in financial statements.
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.09
Filing date
03/23/2020
Lead Plaintiff Deadline
05/22/2020
Plaintiffs
Insur Shamgunov
Attorneys
Glancy Prongay & Murray LLP
Defendants
Ronald Cogburn, Parvinder Chadha, James G. Reynolds
Judge
Hon. Sidney A. Fitzwater
Administrator
EPIQ
Settlement agreement date
2023-07-27
Court hearing date
12/07/2023
Exclusion deadline
11/16/2023
Objection deadline
11/16/2023
Hearing deadline
11/16/2023
Trades matching type
FIFO
Disbursement date
12/12/2024
+$5,000,000
Cash Settlement Amount