NEW YORK, March 12, 2015 (GLOBE NEWSWIRE) — The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON SHARES OF AMIRA NATURE FOODS LTD. (ANFI) BETWEEN SEPTEMBER 27, 2012 AND FEBRUARY 9, 2015.
YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. If you purchased or otherwise acquired Amira Nature Foods Ltd. (“Amira”) securities between September 27, 2012 and February 9, 2015, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION.
To get more information, click here: http://zlk.9nl.com/amira-nature-foods-anfi. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period defendants made false and/or misleading statement and/or failed to disclose related party transactions and the overstatement of revenues, rendering its financial statements false.
On February 9, 2015, a report from Prescience Point Research Group suggested that: (a) Amira had overstated its India-produced Basmati rice revenue by at least 116.9% in 2014, citing Indian government reports on Basmati rice exports; (b) the Company had engaged in material related-party transactions, including with its largest distributor, one of its largest suppliers, and a company from which it intended to buy a $30 million parcel of land; and (c) Amira’s CEO used company resources for personal use.
If you suffered a loss in Amira you have until April 13, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/amira-nature-foods-anfi.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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