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This compares to year-ago revenues of $279.23 million. Traders who pay close attention to intraday price movement should know that it fluctuated between $0.0854 and $0.0945. This action is necessary to prevent Defendants from fraudulently transferring away liquid funds that would be used to pay the judgment before the Court once again orders Defendants to pay the judgment, the investors said in Tuesdays complaint. Investors allege the business process automation company misled them about how much of its revenue was predictable. Norton Rose Fulbright US LLP represents Exela. These errors affected the Companys statements for the 12 months ended December 31, 2017 and December 31, 2018, and the quarterly statements for the three and nine months ended September 30, 2019. As a global leader in business process automation, were constantly refining our technologies and developing ideas to better serve our 4,000+ customers in more than 50 countries. Thank you for your positive comments. These figures are adjusted for non-recurring items. There are ZERO cons with my Exela experience! Analysts expect adjusted earnings to reach $-3.415 per share for the current fiscal year. Exela Technologies is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Solve this simple math problem and enter the result. Show your support with some co-branded gear! Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter. Exela Technologies, Inc. Shares have lost about 98.4% since the beginning of the year versus the S&P 500's decline of -16.2%. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's reporting violations in one quarter relating to two related party transactions. 92108 San Diego The investors' complaint filed on Tuesday stems from a related suit set to go to trial in October 2022, in which Slights allowed the group of investors to go after Exela and its subsidiaries for the appraisal judgment. Exela Technologies, Inc. You're not working in a box and have flexibility to make strategic decisions. Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. Thanks for taking the time to let us know what you think. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of $175,000 and $10,000, respectively. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities forExela, and other statements that are not historical facts. 2020-0970. Lots of people get promoted and they recently launched a pretty cool online training tool with videos. Thank you for your feedback. Exela is way ahead of its time in industry. 18 Campus Boulevard, Suite 100, Newtown Square, PA 19073 EXELA TECHNOLOGIES, INC. : All Information and News | XELA | US30162V7064 | MarketScreener Homepage Equities United States Nasdaq Exela Technologies, Inc. News All News XELA US30162V7064 EXELA TECHNOLOGIES, INC. (XELA) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary Counsel information for Exela was not immediately known. Register Learn more Events Webcasts The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. | Source: Managing teams of recruiters has never been more efficient! By . Exela Technologies, Inc. Powerful HR solutions to accelerate performance and business growth. files: 5. Vice Chancellor Joseph Slights III of the Delaware Chancery Court determined in January 2020 that the investors were owed $57 million plus interest as part of the three-way merger that created Irving, Texas-based Exela in July 2017. Exela Technologies Inc. must face accusations it made misleading statements about revenue predictability after a federal judge in Texas found investors new allegations as to mental state sufficient to move forward. 5. According to reviews on Glassdoor, employees commonly mention the pros of working at Exela Technologies to be workplace, coworkers and the cons to be career development, benefits, management. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. The Human Resources Department is very accommodating and help you step by step if you need help. We, Yahoo, are part of the Yahoo family of brands. The amended version also added support for the scienter element of each of the investor theories. Investors say they're owed more than $62 million for appraisal judgment A group of investors have again sued affiliates of Exela Technologies Inc in Delaware to recoup an unpaid 2020 appraisal. If fractional shares, please round to the nearest whole number. All quotes delayed a minimum of 15 minutes. Press J to jump to the feed. Read More. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Take 30 seconds to, Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. No such thing as a perfect company and certainly Exela has room to improve like all other companies but overall pretty cool. Phone: +1-(858)-779-1554 Accepted file types: xls, xlsx, doc, pdf, jpg, jpeg, Max. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.. Overview. Michael Daniels I've experienced tremendous growth in my career during my time here. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. see more press releases. Read More. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Exela Technologies India Private Limited's Corporate Identification Number is (CIN) U64202MH1999PTC119911 and its registration number is 119911.Its Email address is amit.shukla@exelaonline.com and its registered address is TOWER-341 FLOOR NO 4INTERNATIONAL INFOTECH PARK VASHI RAILWAY STATION MUMBAI MH 400705 IN . The company has not been able to beat consensus revenue estimates over the last four quarters. Exela Technologies Signs Strategic Partnership with Quintes Global. Don't Forget about Non-Digital Marketing! Thank you for your positive comments. A lawsuit is pending for certain investors in investors in Exela Technologies, Inc. (NASDAQ:XELA) shares. The SEC's order finds that Exela violated Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 13a-1, 13a-13,13a-15(a) and 12b-20 thereunder, and that Reynolds caused Exela's violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. Exela Smart Office is a suite of interconnected workplace technologies and services. This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +115.8%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This kind of feedback motivates the entire team to continue exceeding expectations. Log in to access all of your BLAW products, Investor in $157M 401(k) Plan Advances Excessive Fee Claims, Novitex Sued Over 401(k) Plan Fees, Not First Modest Plan Hit, Plan covers 9,000 people, holds about $157 million, Claims over plan share classes, administrative fees advance. Exelaanticipates that subsequent events and developments will causeExela'sassessments to change. In examining the 52-week price action we see that the stock hit a 52-week . Direct manager was great! Tex., No. See here for a complete list of exchanges and delays. A high-level overview of Exela Technologies, Inc. (XELA) stock. The flexibility Exela offers to employees makes balancing your workload and life responsibilities pleasantly manageable. Exela Technologies, Inc. is an American business process automation ("BPA") company. To contact the reporter on this story: Jennifer Bennett in Washington at jbennett@bloomberglaw.com, To contact the editors responsible for this story: Rob Tricchinelli at rtricchinelli@bloomberglaw.com; Steven Patrick at spatrick@bloomberglaw.com. Read More. Security Policy | Terms of Service | Privacy Policy | Report Abuse, NASDAQ:XELA Investor Notice: Update in Lawsuit Against Exela Technologies, Inc. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Click Based on these facts, the Companys public statements were false and materially misleading. One of the investors' attorneys, Steven Davidson of Steptoe & Johnson, said on Wednesday, "We will use all lawful means to collect on our judgment against Excela and to collect on those who are receiving payments, which we believe are fraudulent transfers.". 310-301-3335. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. If you purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The court does not reach, and expresses no view about, whether plaintiffs have rectified the deficiencies in their other theories, Fitzwater said. Exela Technologies Inc does not currently pay a dividend. Presently, Exela Technologies Inc. shares are logging -99.55% during the 52-week period from high price, and -7.54% . To read this article on Zacks.com click here. I've been aware that there are certain 'hidden' costs and expenses that very undoubtedly make their way from Exela shareholders pockets, to HGMFund but it is still an interesting development as I see more. The analyst has been monitoring the managed print services market and is forecast to grow by $6991.94 mn during 2022-2027, accelerating at a CAGR of . Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5. Purchase Lawsuit Report. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 As a returning employee of Exela, I couldn't be more pleased with my career at Exela. Zacks Investment Research, Real Estate Investment Funds - Search Now, Exela Technologies, Inc. (XELA) : Free Stock Analysis Report, Waterdrop Inc. Unsponsored ADR (WDH) : Free Stock Analysis Report. This kind of feedback motivates the entire team to continue exceeding expectations. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. On June 24, 2021, the Court issued an Order granting Defendants' Motion to Dismiss, but gave leave to amend the Complaint. Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. It operates through the following segments: Information and Transaction Processing Solutions, Healthcare Solutions, and Legal & Loss Prevention Services. Extract valuable insights regarding your brands reputation. Show your support with exclusive co-branded gear now available in the Exela Shop. When the market learned the truth about Exela, investors suffered damages. Intraday price movement should know that it fluctuated between $ 0.0854 and $ 0.0945 revenue over... April 11 when it decided to cancel scheduled voting on a reverse split... To the nearest whole number 52-week price action we see that the stock hit a 52-week motivates the entire to! ( 858 ) -779-1554 Accepted file types: xls, xlsx, doc, pdf, jpg,,. 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