Seeking Alpha

Ebix higher after class-action settlement approved

A Northern Georgia U.S. district court has given final approval to Ebix's (EBIX +1.9%) settlement of a class-action suit. Preliminary approval had been granted in February.

The suit was filed in 2011, and was pursued amid a flurry of fraud allegations and government investigations, as well as the unraveling of Ebix's merger agreement with Goldman.

Comments (1)
  • djrryan
    , contributor
    Comments (228) | Send Message
    Good news! This company makes a solid product suite with significant upside potential. The settlement of this suit will remove a big anchor holding this company back.
    12 Jun 2014, 02:38 PM Reply Like
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