Bronstein, Gewirtz & Grossman, LLC Announces Exela Technologies, Inc. (XELA) Class Action
May 14 2020 - 1:00PM
InvestorsHub NewsWire
NEW YORK, NY -- May
14, 2020 -- InvestorsHub NewsWire -- Attorney Advertising --
Bronstein, Gewirtz & Grossman, LLC notifies investors that a
class action lawsuit has been filed against
Exela
Technologies, Inc. ("Exela" or "the Company")
(NASDAQ:
XELA) and certain of its officers, on
behalf of shareholders who
purchased or otherwise acquired Exela securities
between March 16,
2018 and March
16, 2020, inclusive (the "Class
Period"). Such investors are
encouraged to join this case by visiting the firm’s
site: www.bgandg.com/xela.
This class action seeks to recover damages against
Defendants for alleged violations of the federal securities laws
under the Securities Exchange Act of
1934.
The Complaint
alleges that throughout the Class Period, Defendants made
materially false and/or misleading statements and/or failed to
disclose that: (1) 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 (2) 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.
A class action
lawsuit has already been filed. If you wish to review a copy of the
Complaint you can visit the firm’s site: www.bgandg.com/xela
or you
may contact Peretz Bronstein, Esq. or his Investor Relations
Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484. If you suffered a loss in Exela you have
until May 22, 2020 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn't
require that you serve as a lead
plaintiff.
Bronstein, Gewirtz
& Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on
behalf of our clients. In addition to representing
institutions and other investor plaintiffs in class action security
litigation, the firm’s expertise includes general corporate and
commercial litigation, as well as securities arbitration.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contact:
Bronstein, Gewirtz
& Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484
| info@bgandg.com
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