NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Eros International Plc (NYSE:EROS) resulting from allegations that Eros may have issued materially misleading business information to the investing public.
On October 30 2015, a report was published on Eros asserting, among other things, that: (1) Eros’ reported earnings are significantly overstating the economic reality of its business model; (2) Eros’ subsidiary financials reveal a lack of free cash flow and raise many questions about the company’s accounting; and (3) Eros has enriched its controlling family at the expense of shareholders through a series of related-party transactions. On this news, shares of Eros fell $1.69 per share or over 13% to close at $11.17 per share on October 30, 2015, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Eros investors. If you purchased shares of Eros on or before October 29, 2015, please visit the firm’s website at http://rosenlegal.com/cases-770.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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