Securities Claims Against Indian Film Company Were Forward-Looking, Judge Rules

(October 4, 2017, 11:39 AM EDT) -- NEW YORK — Lead plaintiffs have failed to show that an Indian film entertainment company and certain of its current and former executive officers and directors issued any material misrepresentations or omissions regarding its online film-streaming platform in violation of federal securities laws, a federal judge in New York ruled Sept. 22 in granting the defendants’ motion to dismiss (In re Eros International Securities Litigation, No. 15-8956, S.D. N.Y., 2017 U.S. Dist. LEXIS 157978)....