NEW YORK, Oct. 30, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Eros International Plc. ("EROS" or the "Company") (NYSE: EROS -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether EROS and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On October 30, 2015, the investment blog Alpha Exposure published 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."
Following this news, shares of EROS fell $1.29, or 10.03%, during intraday trading to trade at $11.57 on October 30, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of EROS, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC