An investigation for investors in Ebix, Inc. (NASDAQ:EBIX) shares over potential securities laws violations by Ebix, Inc. was announced.

San Diego, CA -- (SBWire) -- 08/09/2022 --Ebix, Inc. is under investigation over potential securities laws violations by Ebix, Inc. in connection with certain financial statements.

Investors who purchased shares of Ebix, Inc. (NASDAQ: EBIX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Ebix, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Johns Creek, GA based Ebix, Inc., together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, and healthcare industries in the United States and internationally.

On June 16, 2022, Hindenburg issued a short report on Ebix, Inc. titled, "Ebix: This House of "Cards" Seems To Have a Glaring Fake Revenue Problem". Hindenburg stated that in February 2021, "Ebix auditor RSM resigned because the company refused to provide evidence regarding "unusual transactions related to the Company's gift card business in India." The auditor was unable to obtain evidence to allow it to evaluate the business purposes behind the transactions. Hindenburg's review of Indian corporate records shows that these "unusual transactions" have increased since RSM's departure."

Those who purchased shares of Ebix, Inc. (NASDAQ: EBIX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.