SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Eros International Plc – EROS

NEW YORK, NY / ACCESSWIRE / October 30, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Eros International Plc (“Eros” or the “Company”) (NYSE: EROS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

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.”

On this news, the Company’s common stock fell $1.69, or more than 13 percent, to close at $11.17 on October 30, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

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