LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces the filing of a class action lawsuit on behalf of investors of Eros International Plc. (“Eros” or the “Company”) (NYSE:EROS) securities between November 12, 2013 and November 12, 2015, inclusive (the “Class Period”). Injured investors are encouraged to contact Lesley Portnoy of GPM at 310-201-9150 to discuss their legal rights.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose the following: (1) the Company enriched its controlling family at the expense of shareholders through a series of related-party transactions; (2) the Company lacked adequate internal controls; (3) Eros overstated the number of movies it has distributed during fiscal years 2014 and 2015; (4) Eros overstated its theatrical revenue during fiscal years 2014 and 2015; (5) the Company’s financial results and operating metrics were overstated as a result; (6) the Company’s financial statements were not prepared in accordance with Generally Accepted Accounting Principles (“GAAP”); and (7) as a result of the foregoing, the Company’s financial statements and Defendants’ statements about Eros’s business, operations, and prospects were materially false and/or misleading at all relevant times.
Eros investors have until January 12, 2016 to move the Court to appoint you as lead plaintiff if you meet certain legal requirements. If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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