Eros International Securities Litigation

The Court-appointed Lead Plaintiffs, Opus Chartered Issuances S.A., Compartment 127 and AI Undertaking IV (“Lead Plaintiffs”), on behalf of themselves and the Settlement Class (defined below), have reached a proposed settlement of the Action for $25,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

If you are a member of the Settlement Class, your rights will be affected, and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

All persons and entities who or which purchased or otherwise acquired Eros Media World Plc, f/k/a ErosSTX Global Corporation, f/k/a Eros International Plc (“Eros”) class A ordinary shares (New York Stock Exchange (“NYSE”): EROS) and/or ErosSTX common stock (NYSE: ESGC) during the period between July 28, 2017 and August 3, 2021, inclusive, and were damaged thereby.

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed settlement, you must submit a Claim Form no later than December 6, 2023. If the Court approves the Settlement and a plan of allocation, then payments to Authorized Claimants will be made after any appeals are resolved and after the completion of all claims processing. Please be patient, as this process can take some time to complete.

IMPORTANT DATES AND DEADLINES:

Submit a Proof of Claim and Release Form	To be eligible to receive a payment from the Settlement Fund, a Settlement Class Member must submit a Claim Form online or postmarked no later than December 6, 2023.
Objection	If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like one or more of them. A written objection must be received on or before November 7, 2023.
Exclude Yourself	If you do not want to be part of the Settlement Class, you can mail or deliver a written Request for Exclusion, which must be received no later than November 7, 2023.
Go to the Hearing on November 28, 2023	The hearing on whether to approve the settlement will be held on November 28, 2023, at 2:00 p.m. Filing a written objection and notice of intention no later than November 7, 2023 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. Settlement Class Members do not need to attend the Settlement Hearing.
Do Nothing	You will not be eligible to receive any payment from the Settlement Fund and give up your right to sue.

Please read the Notice to fully understand your rights and options.

The Frequently Asked Questions page of this website has more information on your rights as a Member of the Settlement Class in this Settlement.