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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:47 EDTEBIXEbix announces final approval of shareholder Class Action settlement
Ebix announced that, following the June 5 final fairness hearing, on June 11, the United States District Court for the Northern District of Georgia entered a Final Order and Judgment Approving the Class Action Settlement and Plan of Allocation and Certifying the Settlement Class in the shareholder securities class action styled In re Ebix, Inc. Securities Litigation, Master File No. 1:11-CV-02400-RWS (N.D. Ga.), which was filed in 2011 on behalf of a class consisting of those persons who purchased or otherwise acquired the company's common stock between May 6, 2009, and June 30, 2011. The Court's final approval, which includes a dismissal of the action with prejudice, follows the Court's preliminary approval of the settlement announced by the company on February 6. Ebix Chairman and CEO, Robin Raina, commented, "We are pleased to have put this litigation behind us and look forward to moving ahead with our long-term business development strategy."
News For EBIX From The Last 14 Days
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May 13, 2015
09:17 EDTEBIXEbix volatility flat on sharp rally
Ebix May call option implied volatility is at 38, June is at 33; compared to its 90-day average of 37; suggesting non-directional price movement.

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