LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed in the USDC for the Southern District of New York against Eros International Plc (“Eros” or the “Company”) (NYSE:EROS). Investors who purchased or otherwise acquired shares traceable to the Company’s November 12, 2013, initial public offering (“IPO”) are encouraged to contact the firm in advance of the January 12, 2016, lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the complaint, the Company made misleading statements and/or failed to disclose that: (a) Eros engaged in a series of related-party transactions that benefitted its controlling family at the expense of investors; (b) Eros did not have adequate internal controls in place; and (c) the Company exaggerated the number of movies it distributed during fiscal years 2014 and 2015. When the truth was revealed, shares dropped causing investors harm.
If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, via email at firstname.lastname@example.org, or visit our website at Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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