NEW YORK, Feb. 10, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Amira Nature Foods Ltd. ("Amira" or the "Company") (NYSE: ANFI).
The investigation focuses on whether the Company and its executives violated federal securities laws by issuance of certain statements.
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 2014; (ii) Amira was engaging in material related-party transactions; and (iii) the Chief Executive Officer of Amira had used Company resources for personal use.
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 through February 6, 2015 and would like to discuss your legal rights, 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 [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Amira's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). 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.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
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