Shareholders Foundation, Inc.

Ebix, Inc. (NASDAQ:EBIX) Investor Notice: Investigation over Potential Wrongdoing

An investigation on behalf of investors in Ebix, Inc. (NASDAQ:EBIX) shares over potential wrongdoing at Ebix, Inc. was announced.


San Diego, CA -- (SBWIRE) -- 09/23/2022 -- An investigation was announced for investors in shares of Ebix, Inc. (NASDAQ: EBIX) over potential breaches of fiduciary duties by certain directors at Ebix, Inc.

Investors who purchased shares of Ebix, Inc. (NASDAQ: EBIX) have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Ebix, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Johns Creek, GA based Ebix, Inc., together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, and healthcare industries in the United States and internationally.

Ebix, Inc. reported that its annual Total Revenue rose from $625.6 million in 2020 to $994.93 million in 2021, and that its Net Income declined from $92.37 million in 2020, to $68.18 million in 2021.

On June 16, 2022, Hindenburg issued a short report on Ebix, Inc. titled, "Ebix: This House of "Cards" Seems To Have a Glaring Fake Revenue Problem". Hindenburg stated that in February 2021, "Ebix auditor RSM resigned because the company refused to provide evidence regarding "unusual transactions related to the Company's gift card business in India." The auditor was unable to obtain evidence to allow it to evaluate the business purposes behind the transactions. Hindenburg's review of Indian corporate records shows that these "unusual transactions" have increased since RSM's departure."

Shares of Ebix, Inc. (NASDAQ: EBIX) declined from $44.42 per share on March 10, 2022, to as low $12.50 per share on June 16, 2022.

Those who purchased shares of Ebix, Inc. (NASDAQ: EBIX) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About The Shareholders Foundation
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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.