EROS INTL., PLC v. MANGROVE PARTNERS

Index No. 653096/17. Appeal No. 13070. Case No. 2019-2425.

191 A.D.3d 465 (2021)

140 N.Y.S.3d 518

2021 NY Slip Op 00794

Eros International, PLC, Appellant, v. Mangrove Partners et al., Respondents, et al., Defendants.

Appellate Division of the Supreme Court of New York, First Department.

Decided February 9, 2021.


Attorney(s) appearing for the Case

Levine Lee LLP, New York ( Chad P. Albert of counsel), for appellant.

Akin Gump Strauss Hauer & Feld LLP, New York ( Joseph L. Sorkin of counsel), for Mangrove Partners and Nathaniel August, respondents.

Cozen O'Connor P.C., New York ( Michael de Leeuw of counsel), for GeoInvesting, LLC, Christopher Irons, Daniel E. David, FG Alpha Management, LLC, FG Alpha Advisors and FG Alpha, L.P., respondents.

Fleischman Bonner & Rocco LLP, White Plains ( Susan M. Davies , of counsel), for ClaritySpring Inc., ClaritySpring Securities LLC and Nathan Anderson, respondents.

Dechert LLP, New York ( Matthew L. Mazur , of counsel), for Knight Assets & Co., LLP, and Akshay S. Naheta, respondents.

Concur—Renwick, J.P., Kern, Mazzarelli, Oing, JJ.


Analyzing the complained-of statements according to the factors to be considered in distinguishing between fact and nonactionable opinion (see Davis v Boeheim, 24 N.Y.3d 262, 270 [2014]), the court correctly found that the statements were accompanied by a recitation of facts on which they were based and therefore were nonactionable opinion (see Steinhilber v Alphonse, 68 N.Y.2d 283, 289...

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