Ebix concludes SEC investigation without enforcement action, wins appeal against securities fraud claims.
Ebix, a software and e-commerce services provider, announced the conclusion of a Securities and Exchange Commission (SEC) investigation, with the SEC stating it will not recommend enforcement action against Ebix. The investigation followed RSM's resignation and a Hindenburg short report. Additionally, Ebix won a Second Circuit appeal in the Southern District of New York, with all pending securities fraud claims against the company and its officers dismissed.
April 01, 2024
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