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. mail@shareholdersfoundation.com Verify your email to use filters. It is not intended as legal advice and should not be relied upon. 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. 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. The company culture has a start up feel to it. 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. 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. December 20, 2022. 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 lawsuit alleges that the Company and certain of its executives violated federal law. 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 . 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. I have worked for the company for several years and received multiple promotions. By . This quarterly report represents an earnings surprise of -119.57%. Join the Exela Technologies team See Our Latest Jobs 5.0 Current Employee, more than 3 years Best place I have ever worked! 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. Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. Contact: Purchase Lawsuit Report. 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. Native Hawaiian or Other Pacific Islander, - Newcastle upon Tyne, United Kingdom Area, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! The amended version also added support for the scienter element of each of the investor theories. These figures are adjusted for non-recurring items. 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. Read employee reviews and ratings on Glassdoor to decide if Exela Technologies is right for you. 50% of Exela Technologies employees would recommend working there to a friend based on Glassdoor reviews. Michael Daniels You're not working in a box and have flexibility to make strategic decisions. Exela Smart Office is a suite of interconnected workplace technologies and services. 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%. Show your support with exclusive co-branded gear now available in the Exela Shop. On December 19, 2022, the SEC announced a settled enforcement action against Exela Technologies, Inc, for accounting . Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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 Investigating Securities Claims on Behalf of XELA Investors Who Suffered Losses Our Standards: The Thomson Reuters Trust Principles. The Schall Law Firm, in its sole discretion, will contact you if it requires further information from you. By submitting your information, you acknowledge that this form does not create an attorney-client relationship between yourself and The Schall Law Firm. You may redact your account numbers from your uploaded documents. Thank you for your positive comments. 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 These forward-looking statements should not be relied upon as representingExela'sassessments as of any date subsequent to the date of this press release. Posted Friday, August 26, 2022 at 11:15 AM CDT - Permalink. Year-over-year quarterly sales growth most recently was -5.4%. Lots of people get promoted and they recently launched a pretty cool online training tool with videos. 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. They have hired the best of the best and everyday I enjoy working at Exela. Caryn Chandler Net Worth, Job, Career. 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 On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. In examining the 52-week price action we see that the stock hit a 52-week . | Source: Exela Technologies Inc does not currently pay a dividend. Press question mark to learn the rest of the keyboard shortcuts E.g. Thank you for your feedback. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Analysts expect adjusted earnings to reach $-3.415 per share for the current fiscal year. Anyone know anything about Exela Technologies (XELA)? Vincent KondaveetiE:vincent.kondaveeti@exelatech.comT: 929-620-1849, Mary Beth BenjaminE:IR@exelatech.comT: 646-277-1216. Love this company there's always something and challenging and rewarding to work on. 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. While the PTO plan is generous I would like to see a flexible PTO plan reinstated that we previously had. 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. . Join the case to recover your losses. 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. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. The Human Resources Department is very accommodating and help you step by step if you need help. 3-21256. 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. 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. If you choose to take no action, you can remain an absent class member. Exelas business process automation (BPA) software, intelligent workplace systems, and technology experts come together to produce transformational results. Phone: +1-(858)-779-1554 Shareholders Foundation, Inc.1-858-779-1554, Email | Web Thanks for taking the time to let us know what you think. 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. We are glad you took the time to share your experience. court OKs investors payout fight over $2.8 bln Exela merger. We engaged Exela, and we have not looked back. Later in 2018, Matt had confirmed with Good Housekeeping that Caryn was no longer employed there.. Working in office. 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 Glassdoor has 1,004 Exela Technologies reviews submitted anonymously by Exela Technologies employees. The plaintiff claims that 05-16-2022 | Business, Economy, Finances . You can reach us at connect@exelaonline.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. "Join this Class Action" above. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 3 min read Exela Technologies, Inc. IRVING, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "Company"). One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. A quarter ago, it was expected that this company would post a loss of $1.20 per share when it actually produced a loss of $3.22, delivering a surprise of -168.33%. Secure and legally binding signatures on the go. These statements are based on the current expectations ofExelamanagement and are not predictions of actual performance. 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 . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. I like what they're doing here. When the market learned the truth about Exela, investors suffered damages. Having problems? 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's trailing 12-month revenue is $1.1 billion with a -27.0% profit margin. Were a little short on data, but you can help. 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 . 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. 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. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. On Fishbowl, you can share insights and advice anonymously with Exela Technologies employees and get real answers from people on the inside. Mandatory overtime for 10 weeks straight on graveyard shift was horrendous on the body and mind. Waterdrop Inc. Unsponsored ADR's revenues are expected to be $107.54 million, down 11.1% from the year-ago quarter. 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. With rapidly deployable enterprise software and a team of experienced specialists behind you, you can do business better. 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. Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. The case is Shen v. Exela Techs. Pros & Cons are excerpts from user reviews. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. A high-level overview of Exela Technologies, Inc. (XELA) stock. Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. 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. It operates through the following segments: Information and Transaction Processing Solutions, Healthcare Solutions, and Legal & Loss Prevention Services. There are ZERO cons with my Exela experience! Show your support with some co-branded gear! It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.. Overview. Exelas recent financial statements were riddled with errors that would require restatement to fix. Managing teams of recruiters has never been more efficient! The information is provided as a public service. Michael Daniels On August 11, 2020, an amended complaint was filed, and on October 12, 2020, the defendants filed a Motion to Dismiss the amended Complaint. If you are a shareholder who suffered a loss, click here to participate. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . 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. 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.