The Rosen Law Firm Announces Investigation of Shareholder Claims against Amira Nature Foods, Ltd.

NEW YORK--()--The Rosen Law Firm, a global investor rights firm, announces that it is investigating potential securities claims against Amira Nature Foods, Ltd. (NYSE:ANFI) resulting from allegations that ANFI may have overstated its revenues and omitted to disclose material related-party transactions.

On February 9, 2015, third-party analyst firm Prescience Point Research Group issued a report on ANFI (the “Prescience Report”). Among other things, the Prescience Report charged: that ANFI had overstated its India-produced Basmati rice revenue by at least 116.9% in 2014, citing Indian government reports on Basmati rice exports; that ANFI had engaged in material related-party transactions, including with its largest distributor, one of its largest suppliers, and a company from which ANFI intended to buy $30 million of land; and that ANFI CEO Karan Chanana used company resources for personal use, including to pay salaries for household help.

That day, ANFI’s stock price fell $3.45, or 25.8%, damaging investors.

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of ANFI investors. If you purchased ANFI stock before February 9, 2015, please visit the website at http://rosenlegal.com/cases-506.html to join the class action or for more information. You may also contact Jonathan Horne, Esq., or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at jhorne@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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Contacts

The Rosen Law Firm, P.A.
Phillip Kim, Esq.
Kevin Chan, Esq.
Laurence Rosen, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax: 212-202-3827
pkim@rosenlegal.com
kchan@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com

Release Summary

Rosen Law Firm Representing Amira Nature Foods Investors in Securities Fraud Class Action Seeking to Recover Investment Losses - ANFI

Contacts

The Rosen Law Firm, P.A.
Phillip Kim, Esq.
Kevin Chan, Esq.
Laurence Rosen, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax: 212-202-3827
pkim@rosenlegal.com
kchan@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com