Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Eros International Plc (NYSE: EROS) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Eros International Plc (NYSE: EROS) concerning whether a series of statements by Eros International Plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On June 5, 2019, India’s second largest credit ratings agency, CARE Ratings, downgraded Eros’s Indian subsidiary’s credit rating to “Default,” citing concerns regarding “ongoing delays/default in debt servicing due to slowdown in collection from debtors.

Following this news, NYSE: EROS fell $3.59, or nearly 49%, to close at $3.71 on June 6, 2019.

On June 7, 2019, Hindenburg Research published an article explaining that the reason for the credit downgrade was due to “multiple undisclosed related-party transactions that appear designed to hide receivables”, and that “a significant portion of Eros’s receivables don’t exist.”

Following this news, NYSE: EROS fell an additional $0.41, or nearly 12%, to close at $3.30 on June 7, 2019, thereby further injuring investors.

Based in Secaucus, New Jersey, and founded in 1977 Eros International Plc co-produces, acquires, and distributes Indian films in various formats worldwide.

If you purchased shares of Eros International Plc (NYSE: EROS) on or before June 5, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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