The lawsuit had been filed in November 2015 and alleged that between November 13, 2013 and November 12, 2015 the company made misleading statements about the growth in Eros Now’s registered users without disclosing that most of them were using low-quality Internet connections that weren’t fit for streaming, and failed to disclose that Eros enriched its controlling family at the expense of shareholders through a series of related-party transactions.