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Eros International - Investor Class Action Filed Against EROS

Eros International – Investor Class Action Filed Against EROS

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Kehoe Law Firm, P.C. announces that a class action lawsuit has been filed against Eros International PLC (“Eros” or the “Company”) (NYSE: EROS) on behalf of purchasers of the securities of Eros from July 28, 2017 through June 5, 2019, inclusive (the “Class Period”).  The class action lawsuit seeks to recover damages for Eros shareholders under the federal securities laws. 

If you purchased Eros securities and suffered damages, please click Join a Securities Class Action or contact either John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], or Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected],to learn more about the class action lawsuit.  Pivotal investors have until August 20, 2019 to move the Court to serve as lead plaintiff.  Investors have until August 20, 2019 to move the Court to serve as lead plaintiff.

According to the class action complaint, the Eros

. . . Defendants made false and/or misleading statements and/or failed to disclose that: (1) Eros and its executives engaged in a scheme to use related-party transactions to fabricate receivables that they reported in Eros’s public financial disclosures; (2) because of this scheme, Eros’s financial position was weaker than what Eros disclosed; (3) consequently, the Company’s Indian subsidiary, Eros International Media Ltd . . ., missed loan payments and had its credit downgraded; and (4) due to the foregoing, Defendants’ statements about Eros’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. [Emphasis added.]

Kehoe Law Firm, P.C.