Welcome to the Settlement Website for the Exela Securities Settlement.

The Court-appointed lead plaintiff, Insur Shamgunov (“Lead Plaintiff ”), on behalf of himself and the Settlement Class (as defined below), has reached a proposed settlement of the Action for $5,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

If you are a member of the Settlement Class, your rights will be affected, and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

All persons and entities who or which purchased or otherwise acquired publicly traded Exela common stock between March 16, 2018 and March 16, 2020, inclusive (the “Settlement Class Period”), and were damaged thereby.

Please read the Notice to fully understand your rights and options. The Frequently Asked Questions page of this website has more information on your rights as a member of the Settlement Class.


Your Legal Rights and Options in This Action
Submit a Claim Form

To be eligible to receive a payment from the Settlement Fund, a Settlement Class Member must submit a Claim Form online or postmarked no later than January 24, 2024.
Objection

If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like one or more of them. A written objection must be received on or before November 16, 2023.
Exclude Yourself

If you do not want to be part of the Settlement Class, you can mail or deliver a written Request for Exclusion, which must be received no later than November 16, 2023.
Attend a Hearing

The hearing on whether to approve the settlement will be held on December 7, 2023, at 10:00 a.m. Filing a written objection and notice of intention no later than November 16, 2023 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. Settlement Class Members do not need to attend the Settlement Hearing.
Do Nothing.

You will not be eligible to receive any payment from the Settlement Fund and give up your right to sue.

Current Status

The Court granted Final Approval in this matter on December 7, 2023.


Important Dates
  • March 16, 2018–March 16, 2020
    Class Period
  • November 16, 2023
    Deadline to Exclude Yourself from the Settlement
  • November 16, 2023
    Deadline to Object to the Settlement
  • December 7, 2023, at 10:00 a.m.
    Settlement Hearing
  • January 24, 2024
    Deadline to Submit a Claim Form

Start Your Claim