November 05, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Eros International plc (NYSE:EROS) shares over potential securities laws violations by Eros International plc and certain of its directors and officers in connection certain financial statements was announced.

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

Eros International plc reported that its Total Revenue rose from $215.35 million for the 12 months period that ended on March 31, 2013 to $284.18 million for the 12 months period that ended on March 31, 2015 and that its Net Income for those time periods increased from $27.11 million to $40.34 million.

Shares of Eros International plc (NYSE:EROS) grew from $3.12 per share in July 2013 to as high as $36.32 per share in July 2015.

On October 30 2015, a report was published on Eros International plc asserting, among other things, that Eros Internationals reported earnings are significantly overstating the economic reality of its business model, that Eros Internationals subsidiary financials reveal a lack of free cash flow and raise many questions about the companys accounting, and that Eros International plc has enriched its controlling family at the expense of shareholders through a series of related-party transactions.