According to anonymously submitted Glassdoor reviews, Exela Technologies employees rate their compensation and benefits as 2.8 out of 5. file size: 32 MB, Max. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. Exela Technologies Inc. (XELA) full year performance was -99.53%. Exelaanticipates that subsequent events and developments will causeExela'sassessments to change. On June 24, 2021, the Court issued an Order granting Defendants' Motion to Dismiss, but gave leave to amend the Complaint. This case is important because Delaware has been considered for decades by asset protection experts to be one of the most protective states for LLCs. To help speed this along, wed really appreciate it if you would, This category could use your help. Having problems? This kind of feedback motivates the entire team to continue exceeding expectations. 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. court OKs investors payout fight over $2.8 bln Exela merger. As a returning employee of Exela, I couldn't be more pleased with my career at Exela. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . 2020-0970. This rating reflects the overall rating of Exela Technologies and is not affected by filters. 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. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. We, Yahoo, are part of the Yahoo family of brands. Investors allege the business process automation company misled them about how much of its revenue was predictable. Announced, Copyright 2005 - 2023 - SBWire, a service of ReleaseWire LLC. A group of investors have again sued affiliates of Exela Technologies Inc in Delaware to recoup an unpaid 2020 appraisal award related to the $2.8 billion merger that created the business management technology company. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The investors said in the newest complaint that Exelas plans to distribute $225 million in cash to its noteholders and restructure its debt, which the company announced in October, will make the company insolvent. 5. On-Demand Training Ransomware response Demystifying ESG Cyber risks Developing an effective fraud response plan In this course, you will be fully immersed in a real-life scenario that is based on a true-to-life case of internal fraud, brought to light by a whistleblower, and perpetrated by a senior executive. The investors say that Exela told them 90% of its revenue was predictable, when in reality about 20% was unpredictable. Click Manage settings for more information and to manage your choices. Exela Technologiesis a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. Shareholder Connect | Exela Technologies. "Join this Class Action" above. Thank you for your positive comments. We engaged Exela, and we have not looked back. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes. These figures are adjusted for non-recurring items. On Fishbowl, you can share insights and advice anonymously with Exela Technologies employees and get real answers from people on the inside. Exela Enterprise Solutions Inc. defeated portions of a lawsuit challenging its 401 (k) plan management, but it must face claims targeting the plan's administrative fees and share classes, according to a Monday ruling by the District of Connecticut. You may redact your account numbers from your uploaded documents. Up ~140% today. These statements are based on the current expectations ofExelamanagement and are not predictions of actual performance. You can change your choices at any time by visiting your privacy controls. Investors allege the business process automation company misled them about how much of its revenue was predictable. In examining the 52-week price action we see that the stock hit a 52-week . 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. Brian Schall, Esq., Exela Technologies Inc does not currently pay a dividend. If you are a shareholder who suffered a loss, click here to participate. Exela Technologies - NasdaqCM: XELA Class Action Lawsuit Filed Against Exela Technologies On Behalf of Persons or Entities That Purchased, Or Otherwise Acquired, Exela Securities Between March 16, 2018 and March 16, 2020, Both Dates Inclusive - Kehoe Law Firm, P.C. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. 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 Information and Transaction Processing Solutions segment . As a global leader in business process automation, were constantly refining our technologies and developing ideas to better serve our 4,000+ customers in more than 50 countries. A lawsuit is pending for certain investors in investors in Exela Technologies, Inc. (NASDAQ:XELA) shares. Based in Irving, TX, Exela Technologies is an industry leader with 22,000 employees and an annual revenue of $1.3B. Join the case to recover your losses. Squatrito also declined to dismiss claims that the plan paid excessive administrative fees to Transamerica for record keeping services. Were a little short on data, but you can help. 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. 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). They are modern with the best product and services. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities forExela, and other statements that are not historical facts. 92108 San Diego Exela Smart Office is a suite of interconnected workplace technologies and services. 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. Securities and Exchange Commission. Read employee reviews and ratings on Glassdoor to decide if Exela Technologies is right for you. Presently, Exela Technologies Inc. shares are logging -99.55% during the 52-week period from high price, and -7.54% . The company is very quick to show you the data you need. Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Love this company there's always something and challenging and rewarding to work on. Exela is proud to support the Dian Fossey Gorilla Fund, and invites you to get involved! Inc., 2022 BL 20736, N.D. The plaintiff claims that 05-16-2022 | Business, Economy, Finances . It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. for 1+3, enter 4. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's reporting violations in one quarter relating to two related party transactions. Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment. Read More. We work hard to make our culture consistent with our values. All quotes delayed a minimum of 15 minutes. About The Shareholders Foundation This lawsuit is for anyone who acquired securities in Exela Technologies, Inc. (NASDAQ: XELA) from March 16, 2018 through March 16, 2020. No org chart, not sure who's in charge and who's making decisions. The Schall Law Firm is committed to protecting the privacy of confidential information. In addition, forward-looking statements provideExela'sexpectations, plans or forecasts of future events and views as of the date of this communication. Exela is way ahead of its time in industry. Investors say they're owed more than $62 million for appraisal judgment A group of investors have again sued affiliates of Exela Technologies Inc in Delaware to recoup an unpaid 2020 appraisal. Their latest complaint satisfied heightened pleading requirements for securities fraud concerning at least one theory of liability, so the suit can proceed, the U.S. District Court for the Northern District of Texas said. Phone: +1-(858)-779-1554 We are glad you took the time to share your experience. The lawsuit alleges that the Company and certain of its executives violated federal law. 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