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Investigation announced for Long-Term Investors in Exela Technologies, Inc. (NASDAQ: XELA)

07-03-2020 04:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Exela Technologies, Inc. (NASDAQ: XELA) shares.

An investigation on behalf of current long term investors in Exela Technologies, Inc. (NASDAQ: XELA) shares.

An investigation on behalf of current long-term investors in shares of Exela Technologies, Inc. (NASDAQ: XELA) concerning potential breaches of fiduciary duties by certain directors and officers of Exela Technologies, Inc. was announced.

Investors who are current long term investors in Exela Technologies, Inc. (NASDAQ: XELA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: XELA stocks follows a lawsuit filed against Exela Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: XELA stocks, concerns whether certain Exela Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of Texas the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that 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 that 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.

Those who purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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