San Diego, CA -- (SBWIRE) -- 01/05/2016 -- An investigation for shareholders in Cresud S.A.C.I.F. y A over potential securities laws violations by Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria ("Cresud S.A.C.I.F. y A.") was announced.

Investors who purchased shares of Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by Cresud S.A.C.I.F. y A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) owns approximately 64% of IRSA Inversiones y Representaciones S.A (NYSE: IRS). On November 19, 2015, Spruce Point Capital Management published a report asserting, among other things, that IRSA Inversiones y Representaciones S.A is keeping ~$7 billion of net debt off its books by not consolidating its controlling investment in Israel's IDB Development Corp., and that IRSA Inversiones y Representaciones S.A may therefore be in violation of its debt covenant under its existing US$300m Global Bond indenture that requires it to maintain an EBITDA/Interest coverage of 1.75x. Shares of Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) declined to as low as $10.73 per share on November 25, 2015.

On December 31, 2015, NASDAQ:CRESY shares closed at $12.90 per share.

Those who purchased shares of Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com