Energy News / Shareholders Foundation, Inc.

NYSE: EROS Long Term Investor Alert: Investigation of Potential Wrongdoing at Eros International Plc

Via: ReleaseWire

Updated 2:03 PM CST, Fri, November 08,2019

An investigation on behalf of current long term investors in Eros International Plc (NYSE: EROS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 11/08/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Eros International Plc was announced.

Investors who are current long term investors in Eros International Plc (NYSE: EROS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: EROS stocks follows a lawsuit filed against Eros International Plc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: EROS stocks, concerns whether certain Eros International directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that 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, that because of this scheme, Eros's financial position was weaker than what the Company disclosed, that consequently, the Company's Indian subsidiary, Eros International Media Ltd, missed loan payments and had its credit downgraded, and that 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Eros International Plc (NYSE: EROS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-eros-long-term-investor-alert-investigation-of-potential-wrongdoing-at-eros-international-plc-1264839.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com