Join the Exela Technologies team See Our Latest Jobs 5.0 Current Employee, more than 3 years Best place I have ever worked! Exela Technologies Inc. (XELA) full year performance was -99.53%. Based in Irving, TX, Exela Technologies is an industry leader with 22,000 employees and an annual revenue of $1.3B. Thanks for taking the time to let us know what you think. Exela Technologies Signs Strategic Partnership with Quintes Global. SEC Charges IT Company and Its Former CFO for SPAC-Linked Reporting Failure. Exela Technologies - NasdaqCM: XELA Class Action Lawsuit Filed Against Exela Technologies On Behalf of Persons or Entities That Purchased, Or Otherwise Acquired, Exela Securities Between March 16, 2018 and March 16, 2020, Both Dates Inclusive - Kehoe Law Firm, P.C. Analysts expect adjusted earnings to reach $-3.415 per share for the current fiscal year. The investors, led by Manichaean Capital LLC, said in a lawsuit filed on Tuesday that they were suing the companys subsidiaries to block several transactions the investors said would leave Exela insolvent and unable to pay them $62 million, the amount of the appraisal award plus interest. 3:20-cv-00691, motion to dismiss denied 1/21/22. Find out more about how we use your information in our privacy policy and cookie policy. Exelaanticipates that subsequent events and developments will causeExela'sassessments to change. Looking at the most recent complaint as a whole, the investors have pleaded with the required degree of particularity that defendants acted at least with severe recklessness when misrepresenting that Exela had 90% revenue visibility, the opinion said. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Freshfields Bruckhaus Deringer LLP 601 LEXINGTON AVENUE 31ST FLOOR NEW YORK, NY 10022 United States Purchase Lawsuit Report. Show your support with exclusive co-branded gear now available in the Exela Shop. You're not working in a box and have flexibility to make strategic decisions. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. Exela partners with customers to improve user experience and quality through operational efficiency. Exela Technologies Engaged Employer Overview 1K Reviews 132 Jobs 658 Salaries 109 Interviews 215 Benefits 18 Photos Follow + Add a Review Exela Technologies Reviews Updated Jan 11, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 965 of over 1K reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating 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. While Exela had disclosed the shareholders' claim in its SEC filings while the suit was pending, Exela erroneously failed to accrue for any payment it would have to make to those dissenting shareholders. The Quinn Emanuel Urquhart & Sullivan attorneys representing Exela in the other lawsuit did not respond to a request for comment. Up ~140% today. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities forExela, and other statements that are not historical facts. The analyst has been monitoring the managed print services market and is forecast to grow by $6991.94 mn during 2022-2027, accelerating at a CAGR of . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The amended version also added support for the scienter element of each of the investor theories. E.g. He wasnt a micromanager and valued my recruiting experience. Exela Technologies has an overall rating of 3.1 out of 5, based on over 1,004 reviews left anonymously by employees. Exela Technologiesis a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. 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 . 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%. Posted Friday, August 26, 2022 at 11:15 AM CDT - Permalink. So, the shares are expected to perform in line with the market in the near future. Exela Technologies, Inc. www.schallfirm.com, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 In terms of the Zacks Industry Rank, Technology Services is currently in the top 50% of the 250 plus Zacks industries. The SEC's order finds that Exela violated Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 13a-1, 13a-13,13a-15(a) and 12b-20 thereunder, and that Reynolds caused Exela's violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. You can change your choices at any time by visiting your privacy controls. 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. The case is Shen v. Exela Techs. San Diego, CA -- (SBWIRE) -- 08/26/2022 -- The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in Exela Technologies, Inc. (NASDAQ: XELA). 1 Twitter 2 Facebook 3RSS 4YouTube Read More. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Find out more about, 50% of Exela Technologies employees would recommend working there to a friend, Get started with your Free Employer Profile, Mentally draining work environment with no sense of consistency, Software Development Engineer in Test Career. 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. The Information and Transaction Processing Solutions segment . Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. I would recommend the company to anyone that's looking for a challenge where you can grow your career. 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 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Year-over-year quarterly sales growth most recently was -5.4%. These forward-looking statements should not be relied upon as representingExela'sassessments as of any date subsequent to the date of this press release. This rating has improved by 12% over the last 12 months. Direct manager was great! 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. OIC/Exela branded net sales go towards helping kids at the Orthopaedic Institute for Children (OIC). Michael Daniels The flexibility Exela offers to employees makes balancing your workload and life responsibilities pleasantly manageable. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process automation (BPA) leader, today announced that. Who could buy Manchester United and how much is it worth? Counsel information for Exela was not immediately known. This rating has improved by 7% over the last 12 months. Thank you for your feedback. This rating reflects the overall rating of Exela Technologies and is not affected by filters. Investors allege the business process automation company misled them about how much of its revenue was predictable. In addition, forward-looking statements provideExela'sexpectations, plans or forecasts of future events and views as of the date of this communication. Want the latest recommendations from Zacks Investment Research? Solve this simple math problem and enter the result. "Join this Class Action" above. Phone: +1-(858)-779-1554 On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. We work hard to meet expectations like yours. 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 Exela Technologies 47 2.9 Write a review Snapshot Why Join Us 2.7K Reviews 2.3K Salaries 111 Jobs Benefits 169 Q&A Interviews 3 Photos Exela Technologies Employee Reviews Review this company Job Title All Location United States 2,298 reviews Ratings by category 3.0 Work-Life Balance 2.7 Pay & Benefits 2.5 Job Security & Advancement 2.6 Management 5. One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. They also have the best educational program. This case involved a complex corporate litigation. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The company culture has a start up feel to it. Industry Exela Technologies is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. court OKs investors payout fight over $2.8 bln Exela merger. 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. See here for a complete list of exchanges and delays. A high-level overview of Exela Technologies, Inc. (XELA) stock. Anyone know anything about Exela Technologies (XELA)? I preferred to work remote. Exela Technologies Signs Strategic Partnership with Quintes Global, Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment, Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. 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) 779 - 1554. The Schall Law Firm is committed to protecting the privacy of confidential information. January 10, 2023. 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. 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