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SAN DIEGO, June 16, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) investigating whether Ebix, Inc. (NASDAQ: EBIX), any of its officers, or others have violated securities laws by making false statements or failing to timely disclose material information and unfavorable to investors. The investigation focuses on investors’ losses and whether they can be recovered under federal securities laws.

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What is Johnson Fistel investigating? On June 16, 2022, Hindenburg released a brief report on Ebix titled “Ebix: This ‘Card’ House Seems to Have a Glaring Fake Revenue Problem”. Hindenburg said that in February 2021, “Ebix RSM’s auditor resigned because the company refused to provide evidence regarding ‘unusual transactions related to the company’s gift card business in India’.” auditor was unable to obtain evidence to assess the business objectives behind the transactions Hindenburg’s review of Indian company records shows that these “unusual transactions” have increased since inception of RSM.

What if I have relevant non-public information? Individuals with nonpublic information about the company should consider participating in our investigation or taking advantage of the SEC’s Whistleblower Program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class actions and derivatives lawsuits. For more information about the firm and its lawyers, visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.

Contact:

Johnson Fistel, LLP
Jim Baker, Senior Securities Analyst
Telephone: (619) 814-4471
E-mail: [email protected]

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