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Eros International PLC (NYSE: EROS)

Eros International PLC (NYSE: EROS)


Company Name: Eros International PLC
Stock Symbol: NYSE: EROS
Class Period Start: 07/28/2017
Class Period End (inclusive): 07/28/2017
Filing Deadline: 08/20/2019
Court: District of New Jersey

Case Details


The law firm of Barbuto & Johansson, P.A., and Director of Client Relations Neil Rothstein, Esq. remind investors that they have until August 20th, 2019 to file lead plaintiff applications in a securities class action lawsuit against Eros International PLC.

Eros and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 5, 2019, India’s second largest credit ratings agency, CARE Ratings, downgraded the Company’s Indian subsidiary’s credit rating to “Default” due to “ongoing delays/default in debt servicing due to slowdown in collection from debtors.” Then, on June 6, 2019, the Company issued a press release admitting that its subsidiary was late on two loan interest payments for April and May 2019.

On this news, the price of Eros’ shares plummeted over 49%.

If you purchased securities of Eros International PLC. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right.

The case is Montesano v. Eros International PLC, 19-cv-14125. Click here to read full case complaint.

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