Amira Nature Foods: Retains Kasowitz and Commences Legal Action Against Market Manipulators

Dubai / UAE. (anf) Amira Nature Foods Limited, a leading global provider of packaged Indian specialty rice, announced 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 (see bakenet:eu on 2015-02-11).

As part of this effort, Amira has 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 Limited.