PRLog - Dec. 5, 2012 - SAN DIEGO -- An investigation on behalf of current long-term stockholders of shares of Ebix Inc (NASDAQ:EBIX)
Investors who are current long-term stockholder of shares of Ebix Inc (NASDAQ:EBIX)
The investigation by a law firm concerns whether certain Ebix officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
Ebix Inc (NASDAQ:EBIX)
On Monday 5, 2012, a media report said that Ebix Inc is said to be probed by the SEC over its accounting practices. The article cited four people with direct knowledge that the U.S. Securities and Exchange Commission (“SEC”) is probing Ebix Inc over its accounting practices. The article stated that the SEC investigation is focused on revenue recognition, internal controls and the accuracy of the company’s public statements to shareholders. The same day Ebix, Inc. (NASDAQ: EBIX) commented on the article and said that its Senior management team has not been advised of nor is it aware of an any SEC investigation regarding the Company’s previous filings.
Shares of Ebix Inc (NASDAQ:EBIX)
Those who purchased shares of Ebix Inc (NASDAQ:EBIX)