Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. OTC Markets
  5. Eros Media World Plc
  6. News
  7. Summary
    EMWPF   IM00BMT7S123

EROS MEDIA WORLD PLC

(EMWPF)
Delayed OTC Markets  -  02:31:38 2023-06-08 pm EDT
0.000200 USD   -99.91%
2022Eros Media World Seeks Review of NYSE Ruling to Start Delisting Process
MT
2022Eros Media World Receives NYSE Delisting Notice for Failing to File Periodic Reports with SEC
MT
2022Eros Media World Plc Receives Notice of Delisting From NYSE, Intends To Appeal The Staff Determination
BU
SummaryQuotesChartsNewsCompanyFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Eros : GPM Files Securities Class Action Lawsuit Against Eros International Plc.

11/13/2015 | 07:46pm EDT

Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) of purchasers of the securities of Eros International Plc (“Eros” or the “Company”) (NYSE: EROS): (1) pursuant and/or traceable to the Company’s Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s initial public offering on the New York Stock Exchange on or about November 12, 2013 (the “IPO” or the “Offering”); and/or (2) between November 12, 2013 and November 12, 2015, inclusive (the “Class Period”). Shareholders have 60 days from the date of this notice to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

Eros is in the Indian film entertainment industry. The Company co-produces, acquires and distributes Indian language films in multiple formats worldwide.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose the following: (1) the Company enriched its controlling family at the expense of shareholders through a series of related-party transactions; (2) the Company lacked adequate internal controls; (3) Eros overstated the number of movies it has distributed during fiscal years 2014 and 2015; (4) Eros overstated its theatrical revenue during fiscal years 2014 and 2015; (5) the Company’s financial results and operating metrics were overstated as a result; (6) the Company’s financial statements were not prepared in accordance with Generally Accepted Accounting Principles (“GAAP”); and (7) as a result of the foregoing, the Company’s financial statements and Defendants’ statements about Eros’s business, operations, and prospects were materially false and/or misleading at all relevant times.

If you are a member of the Class described above, you may move the Court no later than January 12, 2016, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2015
All news about EROS MEDIA WORLD PLC
2022Eros Media World Seeks Review of NYSE Ruling to Start Delisting Process
MT
2022Eros Media World Receives NYSE Delisting Notice for Failing to File Periodic Reports wi..
MT
2022Eros Media World Plc Receives Notice of Delisting From NYSE, Intends To Appeal The Staf..
BU
2022Eros Media World Partners With Arabia Pictures Group
MT
2022Eros Media World Plc Enters Saudi Arabian Market Through Strategic Partnership With Ara..
BU
2022Eros Media World plc Enters Saudi Arabian Market Through Strategic Partnership with Ara..
CI
2022Eros Receives NYSE Extension for Annual Report Filing
BU
2022Eros Media World : Fourth Quarter and Fiscal Year End 2020 Results
PU
2022Eros Media World Plc(NYSE:EMWP) dropped from Russell 3000E Val..
CI
2022Eros Media World Plc(NYSE:EMWP) dropped from Russell 2500 Inde..
CI
More news
Analyst Recommendations on EROS MEDIA WORLD PLC
More recommendations
Chart EROS MEDIA WORLD PLC
Duration : Period :
Eros Media World Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EROS MEDIA WORLD PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Managers and Directors
Pradeep Kumar Dwivedi Chief Executive Officer
Rajesh Chalke Chief Financial Officer
Rishika Lulla Singh Executive Chairman
Kishore Kumar Lulla Director
Dhirendra Swarup Director
Sector and Competitors
1st jan.Capi. (M$)
EROS MEDIA WORLD PLC-99.83%4
BOLLORÉ SE7.66%17 649
WARNER MUSIC GROUP CORP.-29.13%12 806
VIVENDI SE-6.35%9 208
WORLD WRESTLING ENTERTAINMENT, INC.45.84%7 354
ENDEAVOR GROUP HOLDINGS, INC.0.71%6 809
Stock markets for all
100% Free Registration
fermer