Posted Friday, August 26, 2022 at 11:15 AM CDT - Permalink. Register Learn more Events Webcasts Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment. Caryn Chandler Net Worth, Job, Career. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Sierra Jackson reports on legal matters in major mergers and acquisitions, including deal work, litigation and regulatory changes. 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. 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. Hours. Who could buy Manchester United and how much is it worth? Integrated solutions to execute end-to-end marketing approach. I preferred to work remote. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. With foundational technologies spanning information management, workflow automation, and integrated communications, Exelas software and services include multi-industry department solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors. 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. One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. 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 . 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. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. December 20, 2022. . We work hard to meet expectations like yours. To say that the experience has been life-changing to our company wouldn't be . 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. 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. Counsel information for Exela was not immediately known. Mandatory overtime for 10 weeks straight on graveyard shift was horrendous on the body and mind. 18 Campus Boulevard, Suite 100, Newtown Square, PA 19073 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. 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. - toxic work environment - poor management. Join the Exela Technologies team See Our Latest Jobs 5.0 Current Employee, more than 3 years Best place I have ever worked! Exela Technologies, Inc. is an American business process automation ("BPA") company. OIC/Exela branded net sales go towards helping kids at the Orthopaedic Institute for Children (OIC). Revolutionizing Human Resource Management. 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. Want the latest recommendations from Zacks Investment Research? Powerful HR solutions to accelerate performance and business growth. Shareholders Foundation, Inc.1-858-779-1554, Email | Web This case involved a complex corporate litigation. 50% of Exela Technologies employees would recommend working there to a friend based on Glassdoor reviews. Love this company there's always something and challenging and rewarding to work on. You can reach us at connect@exelaonline.com. These forward-looking statements should not be relied upon as representingExela'sassessments as of any date subsequent to the date of this press release. In addition, forward-looking statements provideExela'sexpectations, plans or forecasts of future events and views as of the date of this communication. Working in office. 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. 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. 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. Were a little short on data, but you can help. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. SEC Charges IT Company and Its Former CFO for SPAC-Linked Reporting Failure. file size: 32 MB, Max. Thank you for your feedback. This lawsuit is for anyone who acquired securities in Exela Technologies, Inc. (NASDAQ: XELA) from March 16, 2018 through March 16, 2020. Michael Daniels 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. 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. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.. Overview. Read employee reviews and ratings on Glassdoor to decide if Exela Technologies is right for you. She was positioned first as a manager and then as Matt's personal assistant. 2020-0970. All net proceeds will go directly to supporting the Dian Fossey Gorilla Fund. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 The Schall Law Firm is committed to protecting the privacy of confidential information. Exela Technologies Signs Strategic Partnership with Quintes Global. If you are a shareholder who suffered a loss, click here to participate. Our Standards: The Thomson Reuters Trust Principles. They also have the best educational program. Thank you for your positive comments. 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 . The court does not reach, and expresses no view about, whether plaintiffs have rectified the deficiencies in their other theories, Fitzwater said. A high-level overview of Exela Technologies, Inc. (XELA) stock. 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. 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 Over the last four quarters, the company has not been able to surpass consensus EPS estimates. 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). 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. Freshfields Bruckhaus Deringer LLP 601 LEXINGTON AVENUE 31ST FLOOR NEW YORK, NY 10022 United States 6LinkedIn 8 Email Updates, Order - Exela Technologies, Inc. and James G. Reynolds. To read this article on Zacks.com click here. 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 3:20-cv-00691, motion to dismiss denied 1/21/22. 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. So, the shares are expected to perform in line with the market in the near future. We work hard to make our culture consistent with our values. Michael Daniels 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. Exela is proud to support the Dian Fossey Gorilla Fund, and invites you to get involved! On December 19, 2022, the SEC announced a settled enforcement action against Exela Technologies, Inc, for accounting . Industry On August 11, 2020, an amended complaint was filed, and on October 12, 2020, the defendants filed a Motion to Dismiss the amended Complaint. 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. ), Del. Later in 2018, Matt had confirmed with Good Housekeeping that Caryn was no longer employed there.. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Extraordinary pay, multiple options for benefits, and the best colleagues a company can offer makes Exela a 5-Star company for me! 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. 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. 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). Exela Technologies, Inc. engages in the provision of transaction processing solutions and enterprise information management. Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. 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. December 23, 2022. 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 . Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The Information and Transaction Processing Solutions segment . We connect clashing systems, upgrade inefficient processes, and provide the customized insights you need to elevate your organization. Thank you for your positive comments. 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. 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. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. Those who purchased shares of Exela Technologies, Inc. (NASDAQ: XELA) have certain options and should contact the Shareholders Foundation. Exela Smart Office is a suite of interconnected workplace technologies and services. Analysts expect adjusted earnings to reach $-3.415 per share for the current fiscal year. Getting in Lockstep with Processing Demands, Large-Scale Bank Decreases Labor and Shipping Costs with Exelas IntelliScan XDS Scanner. January 10, 2023. Exela Smart Office is a suite of interconnected workplace technologies and services. This rating reflects the overall rating of Exela Technologies and is not affected by filters. SPEAK WITH AN ATTORNEY : 310-301-3335| Email: info@schallfirm.com. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Investors allege the business process automation company misled them about how much of its revenue was predictable. For information regarding the content of this press release please contact the media relations contact listed above directly. In terms of the Zacks Industry Rank, Technology Services is currently in the top 50% of the 250 plus Zacks industries. Company seems to be struggling to find it's footing, so I worry about job security. Get the latest insights of business process automation for your industry with our quarterly publication PluggedIN: 2023 Exela Technologies, Inc. All rights reserved. On January 21, 2022, the Court issued an Order denying Defendants' Motion to Dismiss. With rapidly deployable enterprise software and a team of experienced specialists behind you, you can do business better. Traders who pay close attention to intraday price movement should know that it fluctuated between $0.0854 and $0.0945. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. 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. You can change your choices at any time by visiting your privacy controls. Investors sued Exela in July over unpaid appraisal judgment May 26 (Reuters) - A group of investors can proceed with a suit over a $2.8 billion merger that created business management. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes. Native Hawaiian or Other Pacific Islander, - Newcastle upon Tyne, United Kingdom Area, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! 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%. 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 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. 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. Exclusive: U.S. energy chief warns Republicans that oil bill would raise pump prices, FTX reports $415 mln in hacked crypto, Bankman-Fried says FTX US is solvent, Shell unit to acquire EV charging firm Volta for about $169 mln. 3111 Camino Del Rio North - Suite 423 Explore the Exela Smart Office Suite The Latest From Exela 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. Read More. 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. They are modern with the best product and services. Join the case to recover your losses. I would recommend the company to anyone that's looking for a challenge where you can grow your career. This kind of feedback motivates the entire team to continue exceeding expectations. These figures are adjusted for non-recurring items. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. 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. mail@shareholdersfoundation.com Formerly a billion-dollar company, this has reduced Exela's market cap to around $150 million . Extract valuable insights regarding your brands reputation. 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. Show your support with exclusive co-branded gear now available in the Exela Shop. 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. 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. 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. Anyone know anything about Exela Technologies (XELA)? 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 No org chart, not sure who's in charge and who's making decisions. If youd like to share your ideas, write to us via email at connect@exelaonline.com. Thank you for your feedback. Exela partners with customers to improve user experience and quality through operational efficiency. 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. This compares to loss of $4.60 per share a year ago. 1 Twitter 2 Facebook 3RSS 4YouTube 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. I would recommend the company to anyone that 's looking for a challenge where you can help and business.... Are expected to perform in line with the merger of SourceHOV LCC, Novitex Holdings, Inc. is contact. Of experienced specialists behind you, you can grow your career processing solutions and enterprise information management future... Solutions built to accelerate your Digital transformation Lockstep with processing Demands, Large-Scale Bank Decreases Labor Shipping! And a team of experienced specialists behind you, you can do business better positioned first as a Major in. Here to participate it worth the Current fiscal year 5-Star company for me about how much Its! 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