NEW YORK, Feb. 10, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Amira Nature Foods Ltd. ("Amira" or the "Company") (NYSE: ANFI -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.
The investigation concerns whether Amira and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 9, 2015, third-party analyst firm Prescience Point Research Group issued a report on ANFI (the "Prescience Report"). Among other things, the Prescience Report charged that: 1) ANFI had overstated its India-produced Basmati rice revenue by at least 116.9% in 2014, citing Indian government reports on Basmati rice exports; 2) ANFI had engaged in material related-party transactions, including with its largest distributor, one of its largest suppliers, and a company from which ANFI intended to buy $30 million of land; and that ANFI CEO Karan Chanana used company resources for personal use, including to pay salaries for household help.
On this news, shares of Amira fell $3.45 or 25.75% to close at $9.95 on February 9, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Amira, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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