Eros STX Global Corporation announces settlement agreement with Manuel Asensio

Eros STX Global Corporation, 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, “The 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.”

The case was settled for an undisclosed sum. Neither ErosSTX nor Mr. Asensio intends to comment further on the settlement. Business Wire