The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Exela Technologies, Inc. Investors (XELA)
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Exela Technologies, Inc. ("Exela" or "the Company")
(NASDAQ: XELA) investors concerning the Company and its officers’
possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
On March 16, 2020, Exela postponed its earnings release and
conference call due to a delayed filing of the Company's fiscal
2019 annual report.
On this news, the Company's share price fell $0.0154 per share,
or over 8%, to close at $0.17 per share on March 17, 2020, thereby
Then, on March 17, 2020, Exela disclosed “that it will restate
its financial statements for the years ended December 31, 2017 and
2018 and the interim periods through September 30, 2019" to correct
certain historical accounting errors.
On this news, the Company's share price fell $0.025 per share,
or nearly 15%, to close at $0.145 per share on March 18, 2020,
thereby injuring investors further.
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If you purchased Exela securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
firstname.lastname@example.org, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
version on businesswire.com: https://www.businesswire.com/news/home/20200507006067/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 email@example.com www.frankcruzlaw.com