NEW YORK, Nov. 11, 2015 /PRNewswire/ -- Levi & Korsinsky, LLP announces that it has commenced an investigation of Eros International plc ("Eros" or the "Company") (NYSE: EROS) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 30, 2015, Seeking Alpha published a report alleging that "due to aggressive accounting practices, Eros' reported earnings are significantly overstating the economic reality of its business model" and that the Company's subsidiary financials "reveal a lack of free cash flow and raise many questions about the company's accounting." The report also alleges that management engaged in related-party transactions and the Company "appears to have made meaningful misstatements to investors." To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP