Faruqi & Faruqi, LLP Announces Preliminary Court Approval of Settlement in In re Ebix, Inc., Securities Litigation

Faruqi & Faruqi, LLP Announces Preliminary Court Approval of Settlement in In re Ebix, Inc., Securities Litigation

(NasdaqGS: EBIX)

Faruqi & Faruqi LLP is pleased to announce the Court’s preliminary approval of a settlement in In re Ebix, Inc. Securities Litigation, Master File No. 1:11-CV-02400-RWS (N.D. Ga.).  The settlement provides for $6,500,000 in cash to be paid to class members who purchased or otherwise acquired Ebix common stock between May 6, 2009 and June 30, 2011.  A final approval hearing on the settlement will be held on June 5, 2014 at 10:00 a.m., at the United States District Court for the Northern District of Georgia.  Notice will be provided to class members in the upcoming weeks, and information about the settlement will also be posted on www.EBIXSecuritiesLitigation.com.  In the meantime, a copy of the Court’s order preliminarily approving the settlement can be found at the link below.