Eros International PLC ("Eros" or the Company) is an Indian multinational mass media conglomerate. It generally works in the Indian film and entertainment industry.

According to the law firm press release, 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; 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.

Plaintiffs filed a consolidated Complaint on July 15, 2016. This was followed by the filing of an amended Complaint on October 10. Defendants filed a Motion to Dismiss the Amended Consolidated Class Action on November 11.

The Court granted the Motion to Dismiss on September 22, 2017 and dismissed the Amended Consolidated Class Action Complaint with prejudice. A Notice of Appeal of this decision was filed on October 23. On September 12, 2018, the Court of Appeals issued an Order affirming the decision of the District Court.