Ebix higher after class-action settlement approved

|About: Ebix Inc (EBIX)|By:, SA News Editor

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.