Exela Technologies Inc Securities Litigation

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Lawsuit Overview

Defendant:Exela Technologies, Inc.
Date Filed:March 23rd, 2020
Sector:Miscellaneous
Industry:Business Services
Class Start Date:March 16th, 2018
Class End Date:March 16th, 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.

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First Identified Complaint

Bo Shen, et al. v. Exela Technologies Inc, et al.

Date Filed:March 23rd, 2020
Class Period Start:March 16th, 2018
Class Period End:March 16th, 2020
First Identified Complaint Filings
#Document TitleFiling Date