Business

Eros International Plc (NYSE: EROS) Investor Lawsuit alleges Misleading Statements

Press Release

An investor, who purchased shares of Eros International Plc (NYSE: EROS), filed a lawsuit over alleged violations of Federal Securities Laws by Eros International Plc.

Investors who purchased shares of Eros International Plc (NYSE: EROS) have certain options and for certain investors are short and strict deadlines running. Deadline: August 20, 2019. NYSE: EROS investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

The plaintiff claims that between July 28, 2017 and June 5, 2019, the defendants Period made false and/or misleading statements and/or failed to disclose that Eros and its executives engaged in a scheme to use related-party transactions to fabricate receivables that they reported in Eros’s public financial disclosures, that because of this scheme, Eros’s financial position was weaker than what the Company disclosed, that consequently, the Company’s Indian subsidiary, Eros International Media Ltd, missed loan payments and had its credit downgraded, and that due to the foregoing, defendants’ statements about Eros’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Eros International Plc (NYSE: EROS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.