DUBAI, United Arab Emirates--(BUSINESS WIRE)--Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that it has retained the law firm Kasowitz, Benson, Torres & Friedman, LLP to investigate and pursue claims against those who have been disseminating material false, misleading, and defamatory information about Amira and engaging in other serious misconduct against the Company.
As part of this effort, Amira has today filed a lawsuit against Prescience Point Research Group, LLC, Prescience Investment Group, LLC, Spruce Point Capital Management, LLC, Ben Axler, and Eiad Asbahi in Supreme Court, New York County seeking damages and injunctive relief for defamation, trade libel, civil conspiracy, tortious interference, including but not limited to interference with banking, auditors, investors, and capital market relationships. The suit also names various “John Doe” defendants who will be identified and joined as the Kasowitz’s investigation unfolds.
“After great patience, we have concluded that we must act to protect our Company, our people, and our investors from this vicious cabal of market manipulators and their lies and other egregious misconduct,” explained Karan A Chanana, Chairman of Amira Nature Foods Ltd.
About Amira Nature Foods Ltd
Founded in 1915, Amira has evolved into a leading global provider of branded packaged Indian specialty rice and other products, with sales in over 60 countries today. The Company primarily sells Basmati rice, which is a premium long-grain rice grown only in certain regions of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI.”
For more information, please visit www.amira.net.
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