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XELA.US
id: 839

Exela Technologies (XELA) $5M Shareholder Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
N.D. Texas
Court
3:20-CV-0691
Case number
16 Mar 2018
Class period Start
16 Mar 2020
Class period End
24 Jan 2024
Claim deadline
Exela Technologies (XELA) settles $5 million with investors to end litigation over accounting errors in financial statements.
Case Status
Accepting Late Claims
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
23 March 2020
Lead Plaintiff Deadline
22 May 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
07 December 2023
Exclusion deadline
16 November 2023
Objection deadline
16 November 2023
Hearing deadline
16 November 2023
Trades matching type
FIFO
+$5,000,000
Cash Settlement Amount

Exela Technologies Inc

Exela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. It operates in three seg...

    Ticker
    XELA.US
    ISIN
    US30162V8054
    CIK
    1620179
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    2701 East Grauwyler Road, Irving, TX, United States, 75061