Benzinga | Apr 21, 2021 09:13AM EDT

Eros STX Global Corporation Announces Settlement Agreement with Manuel Asensio

Eros STX Global Corporation ("ErosSTX" or the "Company") (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, "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.