LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces it is investigating claims against Eros International Plc (“Eros” or the “Company”) (NASDAQ: TEDU) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Eros were false and misleading concerning the Company’s financial performance.
To join this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
On October 30, 2015, the investing website Alpha Exposure issued a report titled "Unlike the name, investors should not love EROS." The Alpha Exposure report stated, in part, that: (1) "EROS' reported earnings are significantly overstating the economic reality of its business model" as a result of the Company's "aggressive accounting practices"; (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."
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.