INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $50,000 Investing in Amira Nature ...
04 March 2015 - 7:00AM
Faruqi & Faruqi, LLP, a leading national securities law firm,
notifies investors in Amira Nature Foods Ltd. ("Amira" or the
"Company") (NYSE:ANFI) of the April 13, 2015 deadline to seek the
role of lead plaintiff in a federal securities class action lawsuit
filed against Amira and certain executives and directors.
A complaint has been filed in the Central District of California
on behalf of all persons who purchased or otherwise acquired Amira
securities pursuant and/or traceable to the Company's Registration
Statement and Prospectus issued in connection with Amira's initial
public offering ("IPO") or purchased or otherwise acquired Amira
common stock from September 27, 2012 to February 9, 2015, inclusive
(the "Class Period").
The complaint alleges that the Company and its executives
violated federal securities laws with respect to its disclosures
concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period,
Amira issued false and misleading statements regarding (i) the
Company's rice revenue for the fiscal years 2013 and 2014; and (ii)
the Company's engagement in material related-party
transactions.
On February 9, 2015, a report was issued by Prescience Point
Research Group alleging that (i) Amira was overstating the
Company's rice revenue by over 100% in the fiscal years 2013 and
2014; (ii) Amira was engaging in material related-party
transactions; and (iii) the Chief Executive Officer of Amira had
used Company resources for personal gain.
Following this news, Amira shares declined by $3.45 per share,
more than 25%, closing on February 9, 2015 at $9.95 per share.
Request more information now by clicking here:
www.faruqilaw.com/ANFI. There is no cost or obligation to
you.
Take Action
If you invested in Amira stock or options purchased or otherwise
acquired Amira securities pursuant and/or traceable to the
Company's Registration Statement and Prospectus issued in
connection with Amira's IPO or purchased or otherwise acquired
Amira common stock from September 27, 2012 to February 9, 2015,
visit www.faruqilaw.com/ANFI. You can also contact us by calling
Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi,
LLP also encourages anyone with information regarding Amira's
conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm's clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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Attorney Advertising. The law firm responsible for this
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Prior results do not guarantee or predict a similar outcome with
respect to any future matter. We welcome the opportunity to discuss
your particular case. All communications will be treated in a
confidential manner.
CONTACT: FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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