{"id":479726,"date":"2021-04-21T09:10:11","date_gmt":"2021-04-21T13:10:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eros-stx-global-corporation-announces-settlement-agreement-with-manuel-asensio\/"},"modified":"2021-04-21T09:10:11","modified_gmt":"2021-04-21T13:10:11","slug":"eros-stx-global-corporation-announces-settlement-agreement-with-manuel-asensio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eros-stx-global-corporation-announces-settlement-agreement-with-manuel-asensio\/","title":{"rendered":"Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio"},"content":{"rendered":"

<\/p>\n

Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio<\/b><\/p>\n

DOUGLAS, Isle of Man & BURBANK, Calif.–(BUSINESS WIRE<\/a>)–
\nEros STX Global Corporation (\u201cErosSTX\u201d or the \u201cCompany\u201d) (NYSE: ESGC), a global entertainment company, is pleased to announce today that it has reached a settlement favorably resolving all matters with Manuel P. Asensio, Asensio & Company, Inc., and Mill Rock Advisors, Inc.\n<\/p>\n

\nAs previously disclosed, on September 29, 2017, Eros International Plc, a predecessor of ErosSTX, filed a lawsuit in New York state court against Mr. Asensio, a well-known short-seller, and several of his companies in connection with statements that Mr. Asensio made or caused to be made that were critical of Eros.\n<\/p>\n

\nMr. Asensio states, \u201cThe five-year-old statements are in the past and have no applicability to the existing Eros entities or their leadership. I withdraw them and wish ErosSTX well in the future.\u201d\n<\/p>\n

\nThe case was settled for an undisclosed sum. Neither ErosSTX nor Mr. Asensio intends to comment further on the settlement.\n<\/p>\n

About Eros STX Global Corporation:
\n<\/span>
<\/b>Eros STX Global Corporation, (\u201cErosSTX\u201d) (NYSE: ESGC) is a global entertainment company that acquires, co-produces and distributes films, digital content & music across multiple formats such as theatrical, television and OTT digital media streaming to consumers around the world. Eros International Plc changed its name to Eros STX Global Corporation pursuant to the July 2020 merger with STX Entertainment, merging two international media and entertainment groups. The combination of one of the largest Indian OTT players and premier studio with one of Hollywood\u2019s fastest-growing independent media companies has created an entertainment powerhouse with a presence in over 150 countries. ErosSTX delivers star-driven premium feature film and episodic content across a multitude of platforms at the intersection of the world’s most dynamic and fastest-growing global markets, including US, India, Middle East, Asia and China. The company also owns the rapidly growing OTT platform Eros Now which has rights to over 12,000 films across Hindi and regional languages and had 211.5 million registered users and 36.2 million paying subscribers as of September 30th, 2020. For further information, please visit ErosSTX.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210421005637\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Drew Borst
\n
EVP, Investor Relations & Business Development
\n
Eros STX Global Corporation
\n
drew@erosstx.com<\/a><\/p>\n

KEYWORDS:<\/b> North America United States United Kingdom Isle of Man Europe California<\/p>\n

INDUSTRY KEYWORDS:<\/b> General Entertainment Entertainment Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio DOUGLAS, Isle of Man & BURBANK, Calif.–(BUSINESS WIRE)– Eros STX Global Corporation (\u201cErosSTX\u201d or the \u201cCompany\u201d) (NYSE: ESGC), a global entertainment company, is pleased to announce today that it has reached a settlement favorably resolving all matters with Manuel P. Asensio, Asensio & Company, Inc., and Mill Rock Advisors, Inc. As previously disclosed, on September 29, 2017, Eros International Plc, a predecessor of ErosSTX, filed a lawsuit in New York state court against Mr. Asensio, a well-known short-seller, and several of his companies in connection with statements that Mr. Asensio made or caused to be made that were critical of Eros. Mr. Asensio states, \u201cThe five-year-old statements are in the … <\/p>\n

Continue reading “Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEros STX Global Corporation Announces Settlement Agreement with Manuel Asensio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eros-stx-global-corporation-announces-settlement-agreement-with-manuel-asensio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio DOUGLAS, Isle of Man & BURBANK, Calif.–(BUSINESS WIRE)– Eros STX Global Corporation (\u201cErosSTX\u201d or the \u201cCompany\u201d) (NYSE: ESGC), a global entertainment company, is pleased to announce today that it has reached a settlement favorably resolving all matters with Manuel P. Asensio, Asensio & Company, Inc., and Mill Rock Advisors, Inc. As previously disclosed, on September 29, 2017, Eros International Plc, a predecessor of ErosSTX, filed a lawsuit in New York state court against Mr. Asensio, a well-known short-seller, and several of his companies in connection with statements that Mr. Asensio made or caused to be made that were critical of Eros. 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