On December 19, 2022, the SEC announced a settled enforcement action against Exela Technologies, Inc, for accounting, financial reporting and controls deficiencies, including its failure to properly account for and report exposure to a shareholder lawsuit and to . This rating reflects the overall rating of Exela Technologies and is not affected by filters. Find out more about salaries and benefits at Exela Technologies. 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. Those who purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and should contact the Shareholders Foundation. To read this article on Zacks.com click here. I've experienced tremendous growth in my career during my time here. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. for 1+3, enter 4. Exelawhich merged with Novitex Holdings Inc. in 2017may be liable under the Employee Retirement Income Security Act for allowing the Novitex 401(k) plan to offer retail share class investments, when identical investments were allegedly available at lower cost, Judge Dominic J. Squatrito ruled. 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. The order finds that Exela also failed to properly identify, account for and, in one quarter, disclose certain related party transactions with an entity that was controlled by Company leadership. 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. SEC Charges IT Company and Its Former CFO for SPAC-Linked Reporting Failure. Shareholders Foundation, Inc. The company is very quick to show you the data you need. Phone: +1-(858)-779-1554 Exelas recent financial statements were riddled with errors that would require restatement to fix. This rating has improved by 12% over the last 12 months. This kind of feedback motivates the entire team to continue exceeding expectations. You're not working in a box and have flexibility to make strategic decisions. Shareholders Foundation, Inc.1-858-779-1554, Email | Web Read More. Who could buy Manchester United and how much is it worth? Brian Schall, Esq., Secure and legally binding signatures on the go. We are glad you took the time to share your experience. 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. Based on these facts, the Companys public statements were false and materially misleading. December 20, 2022. 310-301-3335. The company culture has a start up feel to it. IRVING, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process. While the PTO plan is generous I would like to see a flexible PTO plan reinstated that we previously had. This compares to year-ago revenues of $279.23 million. Exela Technologies are global leaders in digital transformation and business optimization, Exela delivers technology and data-driven innovation for bu. read more HQ - Irving, Texas, United States IT Services & Consulting 1k-5k Employees (India) Internet Write a Review Compare About Reviews 504 To say that the experience has been life-changing to our company wouldn't be . Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. This action is necessary to prevent Defendants from fraudulently transferring away liquid funds that would be used to pay the judgment before the Court once again orders Defendants to pay the judgment, the investors said in Tuesdays complaint. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. So, the shares are expected to perform in line with the market in the near future. June 25, 2021 13:00 ET 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. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. Investors allege the business process automation company misled them about how much of its revenue was predictable. Exela Technologies Inc. (XELA) full year performance was -99.53%. Norton Rose Fulbright US LLP represents Exela. Zacks Investment Research, Real Estate Investment Funds - Search Now, Exela Technologies, Inc. (XELA) : Free Stock Analysis Report, Waterdrop Inc. Unsponsored ADR (WDH) : Free Stock Analysis Report. mail@shareholdersfoundation.com You can change your choices at any time by visiting your privacy controls. Glassdoor has 1,004 Exela Technologies reviews submitted anonymously by Exela Technologies employees. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process automation (BPA) leader, today announced that. Find out more about how we use your information in our privacy policy and cookie policy. Any information you submit will be maintained as confidential. We are glad that you enjoyed being a part of our team. As such, many individuals have established LLCs there as part of their asset protection planning. Exela Technologies 3.6 based on 507 Reviews Exela Technologies are global leaders in digital transformation and business optimization, Exela delivers technology and data-driven innovation for bu. The Schall Law Firm is committed to protecting the privacy of confidential information. Good time off benefits, ability to transfer to multiple locations, You have to beg for raise , hard to find opportunities to move up in company. Exela Smart Office is a suite of interconnected workplace technologies and services. Exela Technologies, Inc. , which belongs to the Zacks Technology Services industry, posted revenues of $264.04 million for the quarter ended September 2022, missing the Zacks Consensus Estimate. 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. Today, you can download 7 Best Stocks for the Next 30 Days. San Diego, CA -- (SBWIRE) -- 08/26/2022 -- The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in Exela Technologies, Inc. (NASDAQ: XELA). 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. Exela Technologies, Inc. , which belongs to the Zacks Technology Services industry, posted revenues of $264.04 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 5.94%. The Organization's Mission To help put our clients' companies and organizations at the top of their class with a full range of transaction processing solutions, expert consulting services, and administrative support. | Profile, Source: Shareholders Foundation, Inc. On Fishbowl, you can share insights and advice anonymously with Exela Technologies employees and get real answers from people on the inside. 50% of Exela Technologies employees would recommend working there to a friend based on Glassdoor reviews. 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.". 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 . January 10, 2023. The information is provided as a public service. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. For information regarding the content of this press release please contact the media relations contact listed above directly. Exela Technologies, Inc. Verify your email to use filters. This compares to loss of $4.60 per share a year ago. Exela Technologies (XELA) Stock Price Performance License Error: Access from crawling bot Q-Factor Score View score details Leveraging Big Data multi-factor models, the Q-Factor Score is assigned. Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. While Exela Technologies, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . 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. They are modern with the best product and services. With that in mind, some entities have been around, and used at Exela: SPEAK UP - HGM Fund. Managing teams of recruiters has never been more efficient! Exela is 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. The Schall Law Firm, in its sole discretion, will contact you if it requires further information from you. Contact: Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. By submitting your information, you acknowledge that this form does not create an attorney-client relationship between yourself and The Schall Law Firm. Read employee reviews and ratings on Glassdoor to decide if Exela Technologies is right for you. The case is Manichaean Capital LLC v. Exela Intermediate LLC, Delaware Court of Chancery, No. Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. Investors sued Exela in July over unpaid appraisal judgment May 26 (Reuters) - A group of investors can proceed with a suit over a $2.8 billion merger that created business management. Read More. All net proceeds will go directly to supporting the Dian Fossey Gorilla Fund. Having problems? 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. Exela Technologies Signs Strategic Partnership with Quintes Global. These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" inExela'sAnnual Report and other securities filings. , Exela delivers technology and data-driven innovation for bu strategic decisions compares to loss of $ 279.23.. Improved by 12 % over the last 12 months Manichaean Capital LLC v. Exela Intermediate LLC, Delaware Court Chancery. Could Buy Manchester United and how much of its revenue was predictable directly to supporting Dian! 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