XELA.US

id: 839

Exela Technologies (XELA) $5M Shareholder Settlement

N.D. Texas

Court

3:20-CV-0691

Case number

03/16/2018

Class period Start

03/16/2020

Class period End

01/24/2024

Claim deadline

Exela 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

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