Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Ebix, Inc. (NASDAQ:EBIX) securities between November 9, 2020 and February 19, 2021, inclusive (the “Class Period“). Investors have until April 23, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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On February 19, 2021, after the market closed, Ebix revealed that its independent auditor, RSM US LLP (“RSM“), resigned “as a result of being unable, despite repeated inquiries, to obtain sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020“ related to the Company's gift card business in India. RSM had also stated that there was a material weakness related to Ebix's failure to design controls ...
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