You can reach us at connect@exelaonline.com. Who could buy Manchester United and how much is it worth? The Quinn Emanuel Urquhart & Sullivan attorneys representing Exela in the other lawsuit did not respond to a request for comment. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Show your support with exclusive co-branded gear now available in the Exela Shop. The Novitex Business Combination was accounted for as a reverse merger for which SourceHOV was determined to be the accounting acquirer. 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. Inc., 2022 BL 20736, N.D. 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. 2020-0970. On January 21, 2022, the Court issued an Order denying Defendants' Motion to Dismiss. We connect clashing systems, upgrade inefficient processes, and provide the customized insights you need to elevate your organization. We work hard to meet expectations like yours. Register Learn more Events Webcasts 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. 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 If fractional shares, please round to the nearest whole number. Industry Find out more about salaries and benefits at Exela Technologies. Investors allege the business process automation company misled them about how much of its revenue was predictable. Shareholders Foundation, Inc.1-858-779-1554, Email | Web | Profile, Source: Shareholders Foundation, Inc. I preferred to work remote. Company seems to be struggling to find it's footing, so I worry about job security. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Working in office. We, Yahoo, are part of the Yahoo family of brands. Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. 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. Counsel information for Exela was not immediately known. 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? court OKs investors payout fight over $2.8 bln Exela merger. 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. Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. - toxic work environment - poor management. 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. 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. One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. STAY CONNECTED 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. Click The Information and Transaction Processing Solutions segment . . January 10, 2023. Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. 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 . Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter. The company is very quick to show you the data you need. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. 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. 50% of Exela Technologies employees would recommend working there to a friend based on Glassdoor reviews. When the market learned the truth about Exela, investors suffered damages. Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment. Exela Technologies are global leaders in digital transformation and business optimization, Exela delivers technology and data-driven innovation for bu. 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 . files: 5. About The Shareholders Foundation This rating has improved by 12% over the last 12 months. We are glad that you enjoyed being a part of our team. Contact: Thanks for taking the time to let us know what you think. The Schall Law Firm 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. 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 mail@shareholdersfoundation.com 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. According to the order, Reynolds caused Exela's failure to identify and disclose two of those transactions in one 2019 quarterly filing. Exela Technologies, Inc. engages in the provision of transaction processing solutions and enterprise information management. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. 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. Glancy Prongay & Murray LLP represents the investors as lead counsel. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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%. It is not intended as legal advice and should not be relied upon. I would recommend the company to anyone that's looking for a challenge where you can grow your career. Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. Love this company there's always something and challenging and rewarding to work on. 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 Were a little short on data, but you can help. Find out more about how we use your information in our privacy policy and cookie policy. 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. 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. Thank you for your positive comments. Exela Smart Office is a suite of interconnected workplace technologies and services. 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. Secure and legally binding signatures on the go. We work hard to meet expectations like yours. The company has not been able to beat consensus revenue estimates over the last four quarters. According to the Complaint, the Company made false and misleading statements to the market. Thank you for your feedback. 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. Ahead of this earnings release, the estimate revisions trend for Exela Technologies, Inc. Mixed. 5. This rating has improved by 7% over the last 12 months. A high-level overview of Exela Technologies, Inc. (XELA) stock. We work hard to make our culture consistent with our values. Thank you for your feedback. You're not working in a box and have flexibility to make strategic decisions. As such, many individuals have established LLCs there as part of their asset protection planning. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. Plaintiffs have the option to file an amended complaint correcting the deficiencies set forth in the Courts June 24 dismissal order by August 5. 1 Twitter 2 Facebook 3RSS 4YouTube Direct manager was great! 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 choice was made after the firm decided that "continued. 5. If youd like to share your ideas, write to us via email at connect@exelaonline.com. The plaintiff claims that 05-16-2022 | Business, Economy, Finances . Read More. Sierra Jackson reports on legal matters in major mergers and acquisitions, including deal work, litigation and regulatory changes. The flexibility Exela offers to employees makes balancing your workload and life responsibilities pleasantly manageable. Extract valuable insights regarding your brands reputation. Exela Technologies, Inc. is an American business process automation ("BPA") company. Read More. Based on these facts, the Companys public statements were false and materially misleading. Exela Technologies Inc's trailing 12-month revenue is $1.1 billion with a -27.0% profit margin. 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. 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. Exelawhich merged with Novitex Holdings Inc. in 2017may be liable under the Employee Retirement Income Security Act for allowing the Novitex 401(k) plan to offer retail share class investments, when identical investments were allegedly available at lower cost, Judge Dominic J. Squatrito ruled. No such thing as a perfect company and certainly Exela has room to improve like all other companies but overall pretty cool. Join the case to recover your losses. 3-21256. Learn more about a Bloomberg Law subscription. 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). This kind of feedback motivates the entire team to continue exceeding expectations. 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. You can change your choices at any time by visiting your privacy controls. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Pros & Cons are excerpts from user reviews. The lawsuit alleges that the Company and certain of its executives violated federal law. Revolutionizing Human Resource Management. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. 18 Campus Boulevard, Suite 100, Newtown Square, PA 19073 Formerly a billion-dollar company, this has reduced Exela's market cap to around $150 million . This lawsuit is for anyone who acquired securities in Exela Technologies, Inc. (NASDAQ: XELA) from March 16, 2018 through March 16, 2020. What our customers are saying. While the PTO plan is generous I would like to see a flexible PTO plan reinstated that we previously had. You can also reach us through the firms website atwww.schallfirm.com, or by email atbrian@schallfirm.com. Like to share your ideas, write to us via email at connect exelaonline.com... Its revenue was predictable processes, and industry defining technology with our values we Yahoo. Have the option to file an amended Complaint correcting the deficiencies set forth in the provision of processing... 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