Welcome to the Settlement Website for the 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.
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.