Amira Nature Foods Ltd (ANFIF)

[BabaGhanoush]

Amira Nature Foods, Ltd. v. Prescience Point LLC, et al.

https://filetea.me/t1sLYjtNcv7RqaArIskxmyl7w

Amira Nature Foods, Ltd. (“Amira” or the “Company”), a century-old company founded in India that produces, distributes and sells specialty rice products in India and internationally and that trades on the New York Stock Exchange (“NYSE”), brings this action seeking redress from Defendants, predatory short-sellers who have relentlessly manipulated Amira’s stock price by intentionally and knowingly disseminating false and misleading information about Amira’s financial condition and reporting. Defendants, who are short sellers that profit when the price of the stock in the publicly-traded company they target fails, have perpetrated their scheme with the goal of driving down Amira’s stock price for their own financial gain—a goal Defendants achieved by causing Amira’s shares to lose more than 75% of their value, or nearly $400 million in market capitalization losses, at one point.