A high-level overview of Exela Technologies, Inc. (XELA) stock. ADMINISTRATIVE PROCEEDING File No. 2020-0970. According to the Complaint, the Company made false and misleading statements to the market. Year-over-year quarterly sales growth most recently was -5.4%. Direct manager was great! Lots of people get promoted and they recently launched a pretty cool online training tool with videos. For information regarding the content of this press release please contact the media relations contact listed above directly. Want the latest recommendations from Zacks Investment Research? Learn more about a Bloomberg Law Subscription. According to the order, Reynolds caused Exela's failure to identify and disclose two of those transactions in one 2019 quarterly filing. Norton Rose Fulbright US LLP represents Exela. Exela Technologies, Inc. Extract valuable insights regarding your brands reputation. The current consensus EPS estimate is -$0.25 on $298.98 million in revenues for the coming quarter and -$3.36 on $1.13 billion in revenues for the current fiscal year. The company has not been able to beat consensus revenue estimates over the last four quarters. Inc., 2022 BL 20736, N.D. 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. Caryn Chandler Net Worth, Job, Career. As such, many individuals have established LLCs there as part of their asset protection planning. Take 30 seconds to, Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. Read More. The information is provided as a public service. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Shareholder Connect | Exela Technologies. In terms of the Zacks Industry Rank, Technology Services is currently in the top 50% of the 250 plus Zacks industries. Vincent KondaveetiE:vincent.kondaveeti@exelatech.comT: 929-620-1849, Mary Beth BenjaminE:IR@exelatech.comT: 646-277-1216. We are glad you took the time to share your experience. Our Standards: The Thomson Reuters Trust Principles. Anyone know anything about Exela Technologies (XELA)? Caryn used to work full-time on Roloff Farms for more than a decade. Phone: +1-(858)-779-1554 In examining the 52-week price action we see that the stock hit a 52-week . The company culture has a start up feel to it. Shareholders Foundation, Inc. On January 21, 2022, the Court issued an Order denying Defendants' Motion to Dismiss. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. No org chart, not sure who's in charge and who's making decisions. She was positioned first as a manager and then as Matt's personal assistant. 3 min read Exela Technologies, Inc. IRVING, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "Company"). Exclusive: U.S. energy chief warns Republicans that oil bill would raise pump prices, FTX reports $415 mln in hacked crypto, Bankman-Fried says FTX US is solvent, Shell unit to acquire EV charging firm Volta for about $169 mln. If you choose to take no action, you can remain an absent class member. The case is Manichaean Capital LLC v. Exela Intermediate LLC, Delaware Court of Chancery, No. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. The Schall Law Firm is committed to protecting the privacy of confidential information. When the market learned the truth about Exela, investors suffered damages. Whether we're in the office or working from home, Exela provides the tools for us to stay connected to each other and our candidates across the globe. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of $175,000 and $10,000, respectively. 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. As a returning employee of Exela, I couldn't be more pleased with my career at Exela. 18 Campus Boulevard, Suite 100, Newtown Square, PA 19073 You may redact your account numbers from your uploaded documents. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Managing teams of recruiters has never been more efficient! . With rapidly deployable enterprise software and a team of experienced specialists behind you, you can do business better. Michael Daniels Brian Schall, Esq., The SEC's investigation was conducted by Lesley Atkins and Natalie Lentz, and supervised by Jeff Leasure, Kristen Dieter, and Mark Cave. You can change your choices at any time by visiting your privacy controls. On Fishbowl, you can share insights and advice anonymously with Exela Technologies employees and get real answers from people on the inside. Thank you for your positive comments. To read this article on Zacks.com click here. They also have the best educational program. He wasnt a micromanager and valued my recruiting experience. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. 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. 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 Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.. Overview. Exelas business process automation (BPA) software, intelligent workplace systems, and technology experts come together to produce transformational results. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Fax: +1-(858)-605-5739 "Join this Class Action" above. Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. By . Exela Technologies Inc's trailing 12-month revenue is $1.1 billion with a -27.0% profit margin. Counsel information for Exela was not immediately known. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The industry leader for online information for tax, accounting and finance professionals. Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter. Looking at the most recent complaint as a whole, the investors have pleaded with the required degree of particularity that defendants acted at least with severe recklessness when misrepresenting that Exela had 90% revenue visibility, the opinion said. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. If you are a shareholder who suffered a loss, click here to participate. 50% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Exela Technologies employees rate their compensation and benefits as 2.8 out of 5. 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. While Exela had disclosed the shareholders' claim in its SEC filings while the suit was pending, Exela erroneously failed to accrue for any payment it would have to make to those dissenting shareholders. I have worked for the company for several years and received multiple promotions. 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. Freshfields Bruckhaus Deringer LLP 601 LEXINGTON AVENUE 31ST FLOOR NEW YORK, NY 10022 United States Law firm pricing professionals in 2023: Examining compensation & team structures, How to improve handling of law firm rate increase requests through data: A view from in-house counsel, 2022 saw law firms move past the pandemic into a more client-focused service environment, Law firms ESG practice continues to drive economic growth and better alignment with clients, See here for a complete list of exchanges and delays, Suit follows May ruling allowing investors to sue Exela, subsidiaries for payment, Investors say they're owed more than $62 million for appraisal judgment. What our customers are saying. Get the latest insights of business process automation for your industry with our quarterly publication PluggedIN: 2023 Exela Technologies, Inc. All rights reserved. Read More. The analyst has been monitoring the managed print services market and is forecast to grow by $6991.94 mn during 2022-2027, accelerating at a CAGR of . 7 Dec 2022 - Talent Acquisition Lead in Pune Recommend CEO Approval Business Outlook Pros You will get the necessary exposure, support, opportunity and guidance to grow in your career. In addition, forward-looking statements provideExela'sexpectations, plans or forecasts of future events and views as of the date of this communication. 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. The Shareholders Foundation, Inc. is not a law firm. 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. Exela Technologies Engaged Employer Overview 1K Reviews 132 Jobs 658 Salaries 109 Interviews 215 Benefits 18 Photos Follow + Add a Review Exela Technologies Reviews Updated Jan 11, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 965 of over 1K reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Industry Employees also rated Exela Technologies 3.1 out of 5 for work life balance, 2.9 for culture and values and 2.9 for career opportunities. One of the investors' attorneys, Steven Davidson of Steptoe & Johnson, said on Wednesday, "We will use all lawful means to collect on our judgment against Excela and to collect on those who are receiving payments, which we believe are fraudulent transfers.". Contact the media relations contact listed above directly deployable enterprise software and a team of experienced behind... Sales growth most recently was -5.4 % and get real answers from people on inside! 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