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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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September 29, 2015
09:30 EDTEBIXEY, Ebix partner to delivery digital solutions to India, Bangladesh
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September 25, 2015
07:33 EDTEBIXEbix's PPL selected by London Broking Firms
Ebix announced that senior executives of 16 broking firms representing more than 80% of business placed in the London market have made a formal commitment to electronic placement of insurance through the Placing Platform Limited electronic placing platform, powered by Ebix's technology. The communique, signed through the auspices of the London & International Insurance Brokers' Association board, was revealed by Steve Hearn, chairman of the London Market Group, at a market-wide forum held by the trade body yesterday, in London. An open letter signed by the executives said they were committed to all risks being captured and processed electronically. The Liiba commitment letter detailed the introduction of a single platform to facilitate electronic support for placing, with the PPL board being provided with appropriate finance and authorization to enter into a contract, for a full market roll out beginning January 2016. Ebix confirmed that it is presently on target to launch the service on Jan.1, 2016.

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