On or around 06/22/2020 (Date of last review)
Filing Date: March 23, 2020
According to the Complaint, Exela Technologies Inc. purports to operate as a location-agnostic global business process automation provider combining industry-specific and multi-industry enterprise software and solutions worldwide.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) 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 (2) 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.
On June 12, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: Exela Technologies Inc
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: XELA
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Bo Shen, et al. v. Exela Technologies Inc, et al.
COURT: N.D. Texas
DOCKET #: 20-CV-00691
JUDGE: Hon. Sidney A Fitzwater
DATE FILED: 03/23/2020
CLASS PERIOD START: 03/16/2018
CLASS PERIOD END: 03/16/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Steckler Gresham Cochran PLLC
The Rosen Law Firm, P.A. (NY)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violation of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available