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US Court delivers judgement in favour of Eros on 'short and distort' claim

Default judgment is short-term win of reputation

Eros International
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Pavan Lall Mumbai
A recent judgment of the Supreme Court in the State of New York ruled in favour of Indian film-maker Eros International Media on legal action it had levied against a consortium of short-sellers that were allegedly manipulating Eros stock prices. 

Specifically, the court ruled for the motion against Manuel Asensio and Asensio & Company, which missed on a court-stated deadline to revert according to the proceedings of the law despite six attempts to deliver documents to him. Manuel Asensio is the founder, chairman and president of Asensio & Company, an investment firm established in 1992 and well-known as a pioneer
Topics : Eros