San Diego, CA -- (SBWIRE) -- 01/06/2016 -- An investigation for shareholders in Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) over potential securities laws violations by Irsa Inversiones y Rprsntcins SA was announced.

Investors who purchased shares of Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS), 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 Irsa Inversiones y Rprsntcins regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On November 19, 2015, Spruce Point Capital Management published a report on Irsa Inversiones y Rprsntcins SA alleging, among other things, that Irsa Inversiones y Rprsntcins SA 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 Rprsntcins SA 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 Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) declined to as low as $13.14 per share on December 4, 2015.

Those who purchased shares of Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) 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