SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Ebix, Inc. in Connection with the Sale of the Company to a Goldman, Sachs & Co. Affiliate
Levi & Korsinsky is investigating the Board of Directors of Ebix, Inc.
(“Ebix” or the “Company”) (Nasdaq: EBIX) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to a Goldman, Sachs & Co affiliate.
Click here to learn more about the investigation http://zlk.9nl.com/ebix-ebix/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Ebix shareholders will receive $20
for each share of Ebix stock they own. The transaction has a total
approximate value of $820 million, including the assumption of debt. The
investigation concerns whether the Ebix Board of Directors breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the transaction, and whether
Goldman, Sachs & Co. is underpaying for Ebix stock, thus unlawfully
harming Ebix stockholders.
If you own common stock in Ebix and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ebix-ebix/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.