Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. June 25, 2021 13:00 ET Join the Exela Technologies team See Our Latest Jobs 5.0 Current Employee, more than 3 years Best place I have ever worked! The company is very quick to show you the data you need. Michael Daniels Year-over-year quarterly sales growth most recently was -5.4%. Ahead of this earnings release, the estimate revisions trend for Exela Technologies, Inc. Mixed. Show your support with some co-branded gear! Michael Daniels This case is important because Delaware has been considered for decades by asset protection experts to be one of the most protective states for LLCs. Global Managed Print Services Market 2023-2027. Exela Technologies, Inc. (XELA) came out with a quarterly loss of $1.01 per share versus the Zacks Consensus Estimate of a loss of $0.46. Exela Technologies is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Exela Technologies, Inc. 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. | Profile, Source: Shareholders Foundation, Inc. Learn more about a Bloomberg Law Subscription. - toxic work environment - poor management. All quotes delayed a minimum of 15 minutes. Waterdrop Inc. Unsponsored ADR's revenues are expected to be $107.54 million, down 11.1% from the year-ago quarter. This compares to year-ago revenues of $279.23 million. 50% of Exela Technologies employees would recommend working there to a friend based on Glassdoor reviews. Click Manage settings for more information and to manage your choices. We are glad you took the time to share your experience. Read More. Caryn used to work full-time on Roloff Farms for more than a decade. On-Demand Training Ransomware response Demystifying ESG Cyber risks Developing an effective fraud response plan In this course, you will be fully immersed in a real-life scenario that is based on a true-to-life case of internal fraud, brought to light by a whistleblower, and perpetrated by a senior executive. Join the case to recover your losses. Norton Rose Fulbright US LLP represents Exela. Los Angeles, March 23, 2020 The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Good time off benefits, ability to transfer to multiple locations, You have to beg for raise , hard to find opportunities to move up in company. They are not authored by Glassdoor. Freshfields Bruckhaus Deringer LLP > The Legal 500 Rankings Dispute resolution > International arbitration Tier 1 Freshfields Bruckhaus Deringer LLP's international arbitration group strikes the right note with its 'experienced, responsive and dedicated lawyers', who are capable of 'distilling very complex matters with international and national implications As such, many individuals have established LLCs there as part of their asset protection planning. 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. IRVING, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. Investigating Securities Claims on Behalf of XELA Investors Who Suffered Losses We work hard to meet expectations like yours. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. No org chart, not sure who's in charge and who's making decisions. Having problems? Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. If you are a shareholder who suffered a loss, click here to participate. December 19, 2022 - The Securities and Exchange Commission today announced settled charges against Exela Technologies, Inc., an IT company headquartered in Irving, Texas, for reporting, controls, and recordkeeping violations. OIC/Exela branded net sales go towards helping kids at the Orthopaedic Institute for Children (OIC). This case involved a complex corporate litigation. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. 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's software and services include multi-industry department solution suites addressing finance & accounting, human capital management, and legal management, as well as industry-specific . You may redact your account numbers from your uploaded documents. Read employee reviews and ratings on Glassdoor to decide if Exela Technologies is right for you. Shareholder Connect | Exela Technologies. Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. Caryn Chandler Net Worth, Job, Career. Today, you can download 7 Best Stocks for the Next 30 Days. They also have the best educational program. Don't Forget about Non-Digital Marketing! 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%. The Organization's Mission To help put our clients' companies and organizations at the top of their class with a full range of transaction processing solutions, expert consulting services, and administrative support. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. The investors said in the newest complaint that Exelas plans to distribute $225 million in cash to its noteholders and restructure its debt, which the company announced in October, will make the company insolvent. On June 24, 2021, the Court issued an Order granting Defendants' Motion to Dismiss, but gave leave to amend the Complaint. Getting in Lockstep with Processing Demands, Large-Scale Bank Decreases Labor and Shipping Costs with Exelas IntelliScan XDS Scanner. Exela Technologies Signs Strategic Partnership with Quintes Global. Exela Technologies, Inc. , which belongs to the Zacks Technology Services industry, posted revenues of $264.04 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 5.94%. 3111 Camino Del Rio North - Suite 423 file size: 32 MB, Max. Exela Technologies, Inc. engages in the provision of transaction processing solutions and enterprise information management. With rapidly deployable enterprise software and a team of experienced specialists behind you, you can do business better. About The Shareholders Foundation Find out more about how we use your information in our privacy policy and cookie policy. Register Learn more Events Webcasts You can also reach us through the firms website atwww.schallfirm.com, or by email atbrian@schallfirm.com. Exela is way ahead of its time in industry. Click to get this free reportExela Technologies, Inc. (XELA) : Free Stock Analysis ReportWaterdrop Inc. Unsponsored ADR (WDH) : Free Stock Analysis ReportTo read this article on Zacks.com click here. No such thing as a perfect company and certainly Exela has room to improve like all other companies but overall pretty cool. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You can reach us at connect@exelaonline.com. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. EXELA TECHNOLOGIES, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for. Exela Technologies Signs Strategic Partnership with Quintes Global, Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment, Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. Exela Technologies Inc does not currently pay a dividend. Want the latest recommendations from Zacks Investment Research? 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. 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. files: 5. STAY CONNECTED We connect clashing systems, upgrade inefficient processes, and provide the customized insights you need to elevate your organization. Sierra Jackson reports on legal matters in major mergers and acquisitions, including deal work, litigation and regulatory changes. 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. The plaintiff claims that between March 16, 2018 and March 16, 2020, the defendants made false and/or misleading statements and/or failed to disclose that Exela's previously issued financial statements for the twelve months ended December, 31, 2017 and December 31, 2018, and the quarterly statements for the three and nine months ended September 30, 2019 contained numerous accounting errors, could not be relied upon, and required restatement, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. Native Hawaiian or Other Pacific Islander, - Newcastle upon Tyne, United Kingdom Area, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Exelawhich merged with Novitex Holdings Inc. in 2017may be liable under the Employee Retirement Income Security Act for allowing the Novitex 401(k) plan to offer retail share class investments, when identical investments were allegedly available at lower cost, Judge Dominic J. Squatrito ruled. The investors, led by Manichaean Capital LLC, said in a lawsuit filed on Tuesday that they were suing the companys subsidiaries to block several transactions the investors said would leave Exela insolvent and unable to pay them $62 million, the amount of the appraisal award plus interest. Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. 6LinkedIn 8 Email Updates, Order - Exela Technologies, Inc. and James G. Reynolds. This lawsuit is for anyone who acquired securities in Exela Technologies, Inc. (NASDAQ: XELA) from March 16, 2018 through March 16, 2020. Who could buy Manchester United and how much is it worth? The Schall Law Firm is committed to protecting the privacy of confidential information. This kind of feedback motivates the entire team to continue exceeding expectations. SEC Charges IT Company and Its Former CFO for SPAC-Linked Reporting Failure. Exela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. To read this article on Zacks.com click here. Get the latest insights of business process automation for your industry with our quarterly publication PluggedIN: 2023 Exela Technologies, Inc. All rights reserved. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.. Overview. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock's existing status and the future performance. Exelas recent financial statements were riddled with errors that would require restatement to fix. On January 21, 2022, the Court issued an Order denying Defendants' Motion to Dismiss. If youd like to share your ideas, write to us via email at connect@exelaonline.com. Lots of people get promoted and they recently launched a pretty cool online training tool with videos. On August 5, 2021, a second amended Complaint was filed and the Defendants filed a Motion to Dismiss the second amended Complaint on September 3, 2021. All net proceeds will go directly to supporting the Dian Fossey Gorilla Fund. 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. Show your support with exclusive co-branded gear now available in the Exela Shop. Extract valuable insights regarding your brands reputation. The amended version also added support for the scienter element of each of the investor theories. The Shareholders Foundation, Inc. is not a law firm. 5. The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. 1 Twitter 2 Facebook 3RSS 4YouTube Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. According to the order, Reynolds caused Exela's failure to identify and disclose two of those transactions in one 2019 quarterly filing. According to the Complaint, the Company made false and misleading statements to the market. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. 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. Hours. A lawsuit is pending for certain investors in investors in Exela Technologies, Inc. (NASDAQ:XELA) shares. los angeles, march 23, 2020 the schall law firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against exela technologies, inc. ("exela" or "the company") (nasdaq: xela) for violations of 10 (b) and 20 (a) of the securities exchange act of 1934 and rule 10b-5 promulgated thereunder by the u.s. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. 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. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 Exceeding expectations redact your account numbers from your uploaded documents Novitex Holdings, Inc. is a... Deployable enterprise software and a team of experienced specialists behind you, you can download 7 Best for! Employer has claimed their employer Profile and is engaged in the Glassdoor community deployable software! Release may be considered Attorney Advertising in some jurisdictions under the applicable and... Pay a dividend tool with videos scheduled voting on a reverse stock split sales towards! 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