Investor sues Atlanta’s Ebix as shares have dropped 50% since auditor resignation

Days after Atlanta software provider Ebix Inc. (NASDAQ: EBIX) disclosed that its auditor resigned, an investor is suing the company and two of its executives for violations of federal securities laws. The class action lawsuit was filed Monday in the U.S. District Court for the Southern District of New York after Ebix shares fell more than 50% between Feb. 19 and Feb. 23, following the news that RSM US LLP dropped the company over “significant unusual transactions” in their fourth quarter financials. Los…

Days after Atlanta software provider Ebix Inc. (NASDAQ: EBIX) disclosed that its auditor resigned, an investor is suing the company and two of its executives for violations of federal securities laws. The class action lawsuit was filed Monday in the U.S. District Court for the Southern District of New York after Ebix shares fell more than 50% between Feb. 19 and Feb. 23, following the news that RSM US LLP dropped the company over “significant unusual transactions” in their fourth quarter financials. Los…

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