Eros International Plc Announces Full and Final Dismissal of Class Action Lawsuit
ISLE OF MAN, United Kingdom--(BUSINESS WIRE)--Aug 24, 2018--Eros International Plc (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, today announced that the United States Court of Appeals for the Second Circuit has issued a Summary Order affirming the U.S. District Court’s earlier dismissal, with prejudice, of the putative securities class action that was originally filed in November 2015 against Eros and certain of its officers and directors.
Eros previously disclosed that, on October 23, 2017, lead plaintiffs filed a Notice of Appeal, individually and on behalf of the putative class, to the United States Court of Appeals for the Second Circuit. On August 21, 2018, the Court of Appeals issued a Summary Order affirming the District Court’s dismissal with prejudice.
About Eros International Plc
Eros International Plc (NYSE: EROS) is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International Plc became the first Indian media company to list on the New York Stock Exchange. Eros International has experience of over three decades in establishing a global platform for Indian cinema. The Company has an extensive and growing movie library comprising of over 3,000 films, which include Hindi, Tamil, and other regional language films. The company also owns the rapidly growing OTT platform Eros Now. For further information please visit: www.erosplc.com
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CONTACT: Eros International Plc
Mark Carbeck, +44 (207) 258 9909
Chief Corporate & Strategy Officer
Sloane & Company
Erica Bartsch, 212-446-1875
KEYWORD: UNITED KINGDOM EUROPE
INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO OTHER ENTERTAINMENT FILM & MOTION PICTURES ONLINE
SOURCE: Eros International Plc
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PUB: 08/24/2018 09:24 AM/DISC: 08/24/2018 09:24 AM