BOSTON, Aug. 20, 2015 /PRNewswire/ -- Shares in Amira Natural Foods Ltd. ("Amira" or the "Company") (NYSE: ANFI) have plunged on news of the Company terminating its former auditor and delaying the filing of its financial results for the year ending March 31, 2015.
Certain short sellers have raised questions regarding the veracity of Amira's publicly reported financial results. In response, Amira's former outside auditors, Deloitte Haskins & Sells LLP ("Deloitte") recommended that Amira's audit committee retain independent external forensic investigators to investigate issues raised by the short sellers. Amira has since terminated Deloitte and retained ASA & Associates LLP to act as the Company's outside auditors. Amira's stock price has plunged by almost 80% since announcing it would be late in filing its year-end financial results with the United States Securities and Exchange Commission for the period ending March 31, 2015. Block & Leviton LLP (www.blockesq.com), a law firm with offices in Boston and California, and representing investors nationwide, is investigating whether the Company and certain of its officers and directors have violated the federal securities laws.
If you purchased Amira stock and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Steven P. Harte of Block & Leviton LLP at Steven@blockesq.com. Confidentiality to any whistleblowers or other persons with information relevant to the investigation is assured.
Block & Leviton is a Boston-based law firm representing investors for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 80 years and collectively have recovered more than one and half billion dollars for investors.
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BLOCK & LEVITON LLP
Steven P. Harte, Esq.
SOURCE Block & Leviton LLP