Exela Technologies, Inc. (XELA) – Breach of Fiduciary Duties Investigation

Have You Held Exela Stock Since September 2017? Exela Technologies Investors May Have Legal Claims Against The Company’s Officers and Directors.

Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Exela Technologies, Inc. (“Exela”) (NASDAQCM: XELA) breached their fiduciary duties to Exela and its shareholders.

In a March 17, 2020 “Notification of Late Filing,” Exela disclosed that it was unable to file its Form 10-K for the year-ended December 31, 2019 on time and would need to restate certain of its financial statements.

In a Form 8-K, dated March 17, 2020, Exela disclosed that Exela would need to restate its financial statements for 2017, 2018, and interim periods through September 30, 2019, as a result of a material weakness in its internal control over financial reporting.

Subsequently, in a May 21, 2020 SEC filing, Exela announced the resignation of its CFO.

Investors Who Have Held Exela Stock Shares Since September 2017 May Have Legal Claims

If you have held Exela stock since September 2017, please contact Kehoe Law Firm, P.C., John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.