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XELA.US

id: 839

Exela Technologies (XELA) $5M Shareholder Settlement

The settlement funds have been distributed to claimants.

$5,000,000

Cash 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 Type

US Securities Class Action

Case Status

Disbursed

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

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