In terms of the Zacks Industry Rank, Technology Services is currently in the top 50% of the 250 plus Zacks industries. Exela Technologies Inc does not currently pay a dividend. 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. Powerful HR solutions to accelerate performance and business growth. Click to get this free reportExela Technologies, Inc. (XELA) : Free Stock Analysis ReportWaterdrop Inc. Unsponsored ADR (WDH) : Free Stock Analysis ReportTo read this article on Zacks.com click here. Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5. Based on these facts, the Companys public statements were false and materially misleading. 310-301-3335. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Information and Transaction Processing Solutions segment . To contact the reporter on this story: Jennifer Bennett in Washington at jbennett@bloomberglaw.com, To contact the editors responsible for this story: Rob Tricchinelli at rtricchinelli@bloomberglaw.com; Steven Patrick at spatrick@bloomberglaw.com. Announced, Copyright 2005 - 2023 - SBWire, a service of ReleaseWire LLC. NEW YORK, March 23, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Exela . See here for a complete list of exchanges and delays. SEC Charges IT Company and Its Former CFO for SPAC-Linked Reporting Failure. 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. In examining the 52-week price action we see that the stock hit a 52-week . 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. There are ZERO cons with my Exela experience! This compares to year-ago revenues of $279.23 million. Native Hawaiian or Other Pacific Islander, - Newcastle upon Tyne, United Kingdom Area, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Accepted file types: xls, xlsx, doc, pdf, jpg, jpeg, Max. December 20, 2022. According to anonymously submitted Glassdoor reviews, Exela Technologies employees rate their compensation and benefits as 2.8 out of 5. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. Who could buy Manchester United and how much is it worth? 50% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Exela Technologies employees rate their compensation and benefits as 2.8 out of 5. It is not intended as legal advice and should not be relied upon. Extract valuable insights regarding your brands reputation. Exela Smart Office is a suite of interconnected workplace technologies and services. By . They also properly pleaded that the inference of fraud is cogent and at least as compelling as any opposing inference of nonfraudulent intent., The investors fixed up their complaint by bolstering the allegations about what defendants knew and when they knew it, Fitzwater said. Verify your email to use filters. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. She was positioned first as a manager and then as Matt's personal assistant. Exela partners with customers to improve user experience and quality through operational efficiency. Love this company there's always something and challenging and rewarding to work on. Investors allege the business process automation company misled them about how much of its revenue was predictable. The company has not been able to beat consensus revenue estimates over the last four quarters. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. 1 Twitter 2 Facebook 3RSS 4YouTube We connect clashing systems, upgrade inefficient processes, and provide the customized insights you need to elevate your organization. STAY CONNECTED This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. Employees also rated Exela Technologies 3.1 out of 5 for work life balance, 2.9 for culture and values and 2.9 for career opportunities. We are glad that you enjoyed being a part of our team. Michael Daniels By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +115.8%. Show your support with exclusive co-branded gear now available in the Exela Shop. 18 Campus Boulevard, Suite 100, Newtown Square, PA 19073 Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. Don't Forget about Non-Digital Marketing! 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. E.g. According to the Complaint, the Company made false and misleading statements to the market. OIC/Exela branded net sales go towards helping kids at the Orthopaedic Institute for Children (OIC). No org chart, not sure who's in charge and who's making decisions. You're not working in a box and have flexibility to make strategic decisions. The trading price of Exela Technologies Inc. (NASDAQ:XELA) closed lower on Tuesday, December 27, closing at $0.09, -2.09% lower than its previous close. The Novitex Business Combination was accounted for as a reverse merger for which SourceHOV was determined to be the accounting acquirer. 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. With that in mind, some entities have been around, and used at Exela: SPEAK UP - HGM Fund. You may redact your account numbers from your uploaded documents. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. IRVING, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process. Caryn used to work full-time on Roloff Farms for more than a decade. Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. We work hard to meet expectations like yours. Thank you for your positive comments. Exela Technologies, Inc. is an American business process automation ("BPA") company. While Exela had disclosed the shareholders' claim in its SEC filings while the suit was pending, Exela erroneously failed to accrue for any payment it would have to make to those dissenting shareholders. 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. 50% of Exela Technologies employees would recommend working there to a friend based on Glassdoor reviews. Find out more about, 50% of Exela Technologies employees would recommend working there to a friend, Get started with your Free Employer Profile, Mentally draining work environment with no sense of consistency, Software Development Engineer in Test Career. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. The Shareholders Foundation, Inc. is not a law firm. December 23, 2022. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. So, the shares are expected to perform in line with the market in the near future. This rating has improved by 12% over the last 12 months. June 25, 2021 13:00 ET Today, you can download 7 Best Stocks for the Next 30 Days. Were a little short on data, but you can help. Looking at the most recent complaint as a whole, the investors have pleaded with the required degree of particularity that defendants acted at least with severe recklessness when misrepresenting that Exela had 90% revenue visibility, the opinion said. Mandatory overtime for 10 weeks straight on graveyard shift was horrendous on the body and mind. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.. Overview. Pros & Cons are excerpts from user reviews. Exelas business process automation (BPA) software, intelligent workplace systems, and technology experts come together to produce transformational results. Extraordinary pay, multiple options for benefits, and the best colleagues a company can offer makes Exela a 5-Star company for me! The Schall Law Firm, in its sole discretion, will contact you if it requires further information from you. Counsel information for Exela was not immediately known. 5. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In addition, forward-looking statements provideExela'sexpectations, plans or forecasts of future events and views as of the date of this communication. December 19, 2022 - The Securities and Exchange Commission today announced settled charges against Exela Technologies, Inc., an IT company headquartered in Irving, Texas, for reporting, controls, and recordkeeping violations. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. They are not authored by Glassdoor. According to the SEC's order, from mid-2017 through 2019, Exela failed to properly account and report for liabilities it incurred when it was sued by minority shareholders who dissented from a 2017 merger and sought the fair value of their shares. On August 11, 2020, an amended complaint was filed, and on October 12, 2020, the defendants filed a Motion to Dismiss the amended Complaint. 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. Managing teams of recruiters has never been more efficient! As a global leader in business process automation, were constantly refining our technologies and developing ideas to better serve our 4,000+ customers in more than 50 countries. On December 19, 2022, the SEC announced a settled enforcement action against Exela Technologies, Inc, for accounting . Hours. Shareholders Foundation, Inc. If you choose to take no action, you can remain an absent class member. I've experienced tremendous growth in my career during my time here. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. 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. The current consensus EPS estimate is -$0.25 on $298.98 million in revenues for the coming quarter and -$3.36 on $1.13 billion in revenues for the current fiscal year. These statements are based on the current expectations ofExelamanagement and are not predictions of actual performance. 2020-0970. I've been aware that there are certain 'hidden' costs and expenses that very undoubtedly make their way from Exela shareholders pockets, to HGMFund but it is still an interesting development as I see more. Sierra Jackson reports on legal matters in major mergers and acquisitions, including deal work, litigation and regulatory changes. Based in Irving, TX, Exela Technologies is an industry leader with 22,000 employees and an annual revenue of $1.3B. December 19, 2022 - The Securities and Exchange Commission today announced settled charges against Exela Technologies, Inc., an IT company headquartered in Irving, Texas, for reporting, controls, and recordkeeping violations. Exela is a leader in work flow automation, attended and un-attended cognitive automation, digital mail rooms, print communications, and payment processing with deployments across the globe. For information regarding the content of this press release please contact the media relations contact listed above directly. Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter. Their latest complaint satisfied heightened pleading requirements for securities fraud concerning at least one theory of liability, so the suit can proceed, the U.S. District Court for the Northern District of Texas said. Thank you for your feedback. Norton Rose Fulbright US LLP represents Exela. The industry leader for online information for tax, accounting and finance professionals. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock's existing status and the future performance. 5. 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 flexibility Exela offers to employees makes balancing your workload and life responsibilities pleasantly manageable. Exela Technologies, Inc. (XELA) came out with a quarterly loss of $1.01 per share versus the Zacks Consensus Estimate of a loss of $0.46. The fundamental outlook for the IT . The case is Shen v. Exela Techs. To say that the experience has been life-changing to our company wouldn't be . We, Yahoo, are part of the Yahoo family of brands. Glancy Prongay & Murray LLP represents the investors as lead counsel. The information is provided as a public service. Investors who purchased the Companys securities between March 16, 2018 and March 16, 2020, inclusive (the Class Period), are encouraged to contact the firm before May 22, 2020. 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 . | Source: The company is very quick to show you the data you need. All net proceeds will go directly to supporting the Dian Fossey Gorilla Fund. EXELA TECHNOLOGIES, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for. EXELA TECHNOLOGIES, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for. Waterdrop Inc. Unsponsored ADR's revenues are expected to be $107.54 million, down 11.1% from the year-ago quarter. 3 min read Exela Technologies, Inc. IRVING, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "Company"). 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. This lawsuit is for anyone who acquired securities in Exela Technologies, Inc. (NASDAQ: XELA) from March 16, 2018 through March 16, 2020. 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? Traders who pay close attention to intraday price movement should know that it fluctuated between $0.0854 and $0.0945. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. 6LinkedIn 8 Email Updates, Order - Exela Technologies, Inc. and James G. Reynolds. Tex., No. On-Demand Training Ransomware response Demystifying ESG Cyber risks Developing an effective fraud response plan In this course, you will be fully immersed in a real-life scenario that is based on a true-to-life case of internal fraud, brought to light by a whistleblower, and perpetrated by a senior executive. These figures are adjusted for non-recurring items. We connect clashing systems, upgrade inefficient processes, and provide the customized insights you need to elevate your organization. Their prior complaint lacked specific facts showing that the company knew the revenue predictability statistic was wrong at the time it claimed 90% visibility, but Judge Sidney A. Fitzwater allowed them to file an amended version. Exela Technologies Engaged Employer Overview 1K Reviews 132 Jobs 658 Salaries 109 Interviews 215 Benefits 18 Photos Follow + Add a Review Exela Technologies Reviews Updated Jan 11, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 965 of over 1K reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating 7 Dec 2022 - Talent Acquisition Lead in Pune Recommend CEO Approval Business Outlook Pros You will get the necessary exposure, support, opportunity and guidance to grow in your career. If fractional shares, please round to the nearest whole number. Exela Technologies - NasdaqCM: XELA Class Action Lawsuit Filed Against Exela Technologies On Behalf of Persons or Entities That Purchased, Or Otherwise Acquired, Exela Securities Between March 16, 2018 and March 16, 2020, Both Dates Inclusive - Kehoe Law Firm, P.C. Exela Technologies, Inc. engages in the provision of transaction processing solutions and enterprise information management. They have hired the best of the best and everyday I enjoy working at Exela. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. 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. The investors' complaint filed on Tuesday stems from a related suit set to go to trial in October 2022, in which Slights allowed the group of investors to go after Exela and its subsidiaries for the appraisal judgment. 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 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. Posted Friday, August 26, 2022 at 11:15 AM CDT - Permalink. Show your support with some co-branded gear! We engaged Exela, and we have not looked back. read more HQ - Irving, Texas, United States IT Services & Consulting 1k-5k Employees (India) Internet Write a Review Compare About Reviews 504 A high-level overview of Exela Technologies, Inc. (XELA) stock. Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. Explore the Exela Smart Office Suite The Latest From Exela Exela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and. 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. 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). The SEC's investigation was conducted by Lesley Atkins and Natalie Lentz, and supervised by Jeff Leasure, Kristen Dieter, and Mark Cave. Lots of people get promoted and they recently launched a pretty cool online training tool with videos. Formerly a billion-dollar company, this has reduced Exela's market cap to around $150 million . Exela Technologies Signs Strategic Partnership with Quintes Global, Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment, Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. Purchase Lawsuit Report. Exela Technologies Inc's trailing 12-month revenue is $1.1 billion with a -27.0% profit margin. The new version also adequately pleads that it was highly unreasonable for defendants to misrepresent Exelas revenue visibility in this way, and that defendants conduct presented a danger of misleading buyers or sellers that was so obvious that defendants must have been aware of it.. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The plaintiff claims that between March 16, 2018 and March 16, 2020, 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. Exela Technologies, Inc. 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 U.S. District Judge Sydney A. Fitzwater has granted Exelasmotion to dismiss in its entirety the Texas federal securities class action suit filed March 2020. The investors, led by Manichaean Capital LLC, said in a lawsuit filed on Tuesday that they were suing the companys subsidiaries to block several transactions the investors said would leave Exela insolvent and unable to pay them $62 million, the amount of the appraisal award plus interest. Freshfields Bruckhaus Deringer LLP > The Legal 500 Rankings Dispute resolution > International arbitration Tier 1 Freshfields Bruckhaus Deringer LLP's international arbitration group strikes the right note with its 'experienced, responsive and dedicated lawyers', who are capable of 'distilling very complex matters with international and national implications 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. mail@shareholdersfoundation.com Vice Chancellor Joseph Slights III of the Delaware Chancery Court determined in January 2020 that the investors were owed $57 million plus interest as part of the three-way merger that created Irving, Texas-based Exela in July 2017. 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. ADMINISTRATIVE PROCEEDING File No. EXELA TECHNOLOGIES, INC. : Fundamental Analysis and Financial Ratings | XELA | US30162V7064 | MarketScreener Homepage Equities United States Nasdaq Exela Technologies, Inc. Ratings XELA US30162V7064 EXELA TECHNOLOGIES, INC. (XELA) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Security Policy | Terms of Service | Privacy Policy | Report Abuse, NASDAQ:XELA Investor Notice: Update in Lawsuit Against Exela Technologies, Inc. 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 case involved a complex corporate litigation. Shareholder Connect | Exela Technologies. 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. Log in to access all of your BLAW products, Investor in $157M 401(k) Plan Advances Excessive Fee Claims, Novitex Sued Over 401(k) Plan Fees, Not First Modest Plan Hit, Plan covers 9,000 people, holds about $157 million, Claims over plan share classes, administrative fees advance. This case is important because Delaware has been considered for decades by asset protection experts to be one of the most protective states for LLCs. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. If you are a shareholder who suffered a loss, click here to participate. Anyone know anything about Exela Technologies (XELA)? We work hard to meet expectations like yours. The Human Resources Department is very accommodating and help you step by step if you need help. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes. 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%. Glassdoor has 1,004 Exela Technologies reviews submitted anonymously by Exela Technologies employees. They also have the best educational program. Thank you for sharing. Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. With rapidly deployable enterprise software and a team of experienced specialists behind you, you can do business better. January 10, 2023. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. court OKs investors payout fight over $2.8 bln Exela merger. 3-21256. Secure and legally binding signatures on the go. On August 5, 2021, a second amended Complaint was filed and the Defendants filed a Motion to Dismiss the second amended Complaint on September 3, 2021. Fax: +1-(858)-605-5739 These forward-looking statements should not be relied upon as representingExela'sassessments as of any date subsequent to the date of this press release. "Join this Class Action" above. 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. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Read more about our company here, or reach out to us today to start your digital transformation. This kind of feedback motivates the entire team to continue exceeding expectations. According to the order, Reynolds caused Exela's failure to identify and disclose two of those transactions in one 2019 quarterly filing. Phone: +1-(858)-779-1554 Contact: Get the latest insights of business process automation for your industry with our quarterly publication PluggedIN: 2023 Exela Technologies, Inc. All rights reserved. We are glad you took the time to share your experience. los angeles, march 23, 2020 the schall law firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against exela technologies, inc. ("exela" or "the company") (nasdaq: xela) for violations of 10 (b) and 20 (a) of the securities exchange act of 1934 and rule 10b-5 promulgated thereunder by the u.s. Integrated solutions to execute end-to-end marketing approach. Join the case to recover your losses. Find out more about how we use your information in our privacy policy and cookie policy. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. (UPDATE: This story has been updated with a comment from a Steptoe & Johnson attorney representing the investors. Exela Technologies, Inc. Shares have lost about 98.4% since the beginning of the year versus the S&P 500's decline of -16.2%. The investors say that Exela told them 90% of its revenue was predictable, when in reality about 20% was unpredictable. You can also reach us through the firms website atwww.schallfirm.com, or by email atbrian@schallfirm.com. Log in to access all of your BLAW products, Delaware High Court Upholds Appraisal Ruling That Bucked Trend, Adequately pleads acted with severe recklessness, If past complaints other issues fixed not addressed. Working in office. What our customers are saying. 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. Law firm pricing professionals in 2023: Examining compensation & team structures, How to improve handling of law firm rate increase requests through data: A view from in-house counsel, 2022 saw law firms move past the pandemic into a more client-focused service environment, Law firms ESG practice continues to drive economic growth and better alignment with clients, See here for a complete list of exchanges and delays, Suit follows May ruling allowing investors to sue Exela, subsidiaries for payment, Investors say they're owed more than $62 million for appraisal judgment. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes. Up ~140% today. Freshfields Bruckhaus Deringer LLP 601 LEXINGTON AVENUE 31ST FLOOR NEW YORK, NY 10022 United States Exela's software and services include multi-industry department solution suites addressing finance & accounting, human capital management, and legal management, as well as industry-specific . I have worked for the company for several years and received multiple promotions. Exela Smart Office is a suite of interconnected workplace technologies and services. Exelaanticipates that subsequent events and developments will causeExela'sassessments to change. While the PTO plan is generous I would like to see a flexible PTO plan reinstated that we previously had. As such, many individuals have established LLCs there as part of their asset protection planning. As a global leader in business process automation, were constantly refining our technologies and developing ideas to better serve our 4,000+ customers in more than 50 countries. Thank you for your feedback. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . file size: 32 MB, Max. read more HQ - Irving, Texas, United States IT Services & Consulting 1k-5k Employees (India) Internet Write a Review Compare About Reviews 504 Salaries 5k Interviews 29 Jobs 21 Benefits 262 Photos Exela Technologiesis 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. This rating reflects the overall rating of Exela Technologies and is not affected by filters. - toxic work environment - poor management. One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. 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. Exela Technologies, Inc. He wasnt a micromanager and valued my recruiting experience. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 This kind of feedback motivates the entire team to continue exceeding expectations. Brian Schall, Esq., Thank you for your positive comments. All quotes delayed a minimum of 15 minutes. The plaintiff claims that 05-16-2022 | Business, Economy, Finances . Those who purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and should contact the Shareholders Foundation. The SEC's order finds that Exela violated Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 13a-1, 13a-13,13a-15(a) and 12b-20 thereunder, and that Reynolds caused Exela's violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. Ahead of this earnings release, the estimate revisions trend for Exela Technologies, Inc. Mixed. Press J to jump to the feed. You can change your choices at any time by visiting your privacy controls. 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. SEC Charges IT Company and Its Former CFO for SPAC-Linked Reporting Failure. The latest investor complaint satisfactorily pleads that Exela made made materially false and misleading statements about what percentage of its revenue was predictable, Fitzwaters Jan. 21 opinion said. Presently, Exela Technologies Inc. shares are logging -99.55% during the 52-week period from high price, and -7.54% . Solve this simple math problem and enter the result. We work hard to make our culture consistent with our values. Direct manager was great! The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Exela Technologies are global leaders in digital transformation and business optimization, Exela delivers technology and data-driven innovation for bu. for 1+3, enter 4. Exela Enterprise Solutions Inc. defeated portions of a lawsuit challenging its 401(k) plan management, but it must face claims targeting the plans administrative fees and share classes, according to a Monday ruling by the District of Connecticut. Read More. To read this article on Zacks.com click here. files: 5. In conjunction with the completion of the Novitex Business Combination in July 2017, Quinpario was renamed "Exela Technologies, Inc." Exela began trading under the ticker "XELA" on the Nasdaq on July 13, 2017. Click Manage settings for more information and to manage your choices. Exela is proud to support the Dian Fossey Gorilla Fund, and invites you to get involved! Read employee reviews and ratings on Glassdoor to decide if Exela Technologies is right for you. Industry No such thing as a perfect company and certainly Exela has room to improve like all other companies but overall pretty cool. 3111 Camino Del Rio North - Suite 423 EXELA TECHNOLOGIES, INC. : All Information and News | XELA | US30162V7064 | MarketScreener Homepage Equities United States Nasdaq Exela Technologies, Inc. News All News XELA US30162V7064 EXELA TECHNOLOGIES, INC. (XELA) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary 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. Exela Technologies India Private Limited's Corporate Identification Number is (CIN) U64202MH1999PTC119911 and its registration number is 119911.Its Email address is amit.shukla@exelaonline.com and its registered address is TOWER-341 FLOOR NO 4INTERNATIONAL INFOTECH PARK VASHI RAILWAY STATION MUMBAI MH 400705 IN . 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. Exela Technologies is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. If you purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858). On January 21, 2022, the Court issued an Order denying Defendants' Motion to Dismiss. Our Standards: The Thomson Reuters Trust Principles. Since hitting a high of nearly $8 this past year, shares of XELA stock have sunk to below 50 cents. This rating has improved by 7% over the last 12 months. Los Angeles, March 23, 2020 The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. With decades of experience operating mission-critical processes,Exelaserves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune 100. Thanks for taking the time to let us know what you think. Global Managed Print Services Market 2023-2027. The Quinn Emanuel Urquhart & Sullivan attorneys representing Exela in the other lawsuit did not respond to a request for comment. Having problems? About The Shareholders Foundation Exela Technologies 47 2.9 Write a review Snapshot Why Join Us 2.7K Reviews 2.3K Salaries 111 Jobs Benefits 169 Q&A Interviews 3 Photos Exela Technologies Employee Reviews Review this company Job Title All Location United States 2,298 reviews Ratings by category 3.0 Work-Life Balance 2.7 Pay & Benefits 2.5 Job Security & Advancement 2.6 Management Exela Technologies, Inc. Click IRVING, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA, XELAP), a global business process automation (BPA) leader, announced today. 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 . Later in 2018, Matt had confirmed with Good Housekeeping that Caryn was no longer employed there.. The amended version also added support for the scienter element of each of the investor theories. Revolutionizing Human Resource Management. A lawsuit is pending for certain investors in investors in Exela Technologies, Inc. (NASDAQ:XELA) shares. Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 19,000 employees operating in 23 countries,Exelarapidly deploys integrated technology and operations as an end-to-end digital journey partner. The company culture has a start up feel to it. ), Del. Squatrito also declined to dismiss claims that the plan paid excessive administrative fees to Transamerica for record keeping services. For the investors: Steven Davidson and Michael Baratz of Steptoe & Johnson; Sam Lieberman of Sadis & Goldberg. Shareholders Foundation, Inc.1-858-779-1554, Email | Web I preferred to work remote. If you purchased shares of Exela Technologies, Inc. ( NASDAQ: XELA) have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858) 779 - 1554. The Schall Law Firm is committed to protecting the privacy of confidential information. 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. Analysts expect adjusted earnings to reach $-3.415 per share for the current fiscal year. If you purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. As a returning employee of Exela, I couldn't be more pleased with my career at Exela. Learn more about a Bloomberg Law Subscription. Read More. 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 has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. The case is Manichaean Capital LLC v. Exela Intermediate LLC, Delaware Court of Chancery, No. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. Exela Technologies Signs Strategic Partnership with Quintes Global. . Exelas recent financial statements were riddled with errors that would require restatement to fix. 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. Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. We are glad you took the time to share your experience. Investigating Securities Claims on Behalf of XELA Investors Who Suffered Losses Find out more about salaries and benefits at Exela Technologies. Any information you submit will be maintained as confidential. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The court does not reach, and expresses no view about, whether plaintiffs have rectified the deficiencies in their other theories, Fitzwater said. The lawsuit alleges that the Company and certain of its executives violated federal law. According to reviews on Glassdoor, employees commonly mention the pros of working at Exela Technologies to be workplace, coworkers and the cons to be career development, benefits, management. This compares to loss of $4.60 per share a year ago. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment. Read More. Join the Exela Technologies team See Our Latest Jobs 5.0 Current Employee, more than 3 years Best place I have ever worked! Press question mark to learn the rest of the keyboard shortcuts 3:20-cv-00691, motion to dismiss denied 1/21/22. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. We work hard to meet expectations like yours. Want the latest recommendations from Zacks Investment Research? Exela is way ahead of its time in industry. I like what they're doing here. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Year-over-year quarterly sales growth most recently was -5.4%. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of $175,000 and $10,000, respectively. Company seems to be struggling to find it's footing, so I worry about job security.