Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ebix, Inc.
NEW YORK, Feb. 25, 2013
NEW YORK, Feb. 25, 2013 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the securities of
Ebix, Inc. ("Ebix" or the "Company") (NASDAQ: EBIX), concerning whether the
company has violated federal securities laws.
On February 21, 2013 shares of Ebix fell $5.07, or 27 percent, to close at $14
after a report posted on the website Seeking Alpha by Gotham City Research LLC
alleged that the Company hid a $65.8 million related-party loan to its
Singapore subsidiary from U.S. regulators. The report said the loan appeared
in a disclosure form filed by Atlanta-based Ebix's Singapore unit and was
never disclosed in the company's U.S. filings. The related-party loan
originated in 2009.
If you are aware of any facts relating to this investigation, or purchased
shares of Ebix, you can assist this investigation by contacting either Peretz
Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email email@example.com. Those who inquire by e-mail are
encouraged to include their mailing address and telephone number.
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
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC
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