Ryan Kavanaugh and his former business partner, Elon Spar, have settled their dispute concerning Kavanaugh’s Entertainment Stock Exchange, also known as Esx.
News broke on Friday that Spar, who once served as CEO of Kavanaugh’s exchange, had filed a lawsuit in Los Angeles Superior Court accusing Kavanaugh of fraud and claiming that Kavanaugh persuaded him to go into business with him under false pretenses. Kavanaugh, meanwhile, filed a lawsuit accusing Spar of breach of contract and unfair competition.
“Ryan Kavanaugh, along with his company Esx, and Elon Spar and his team have satisfactorily resolved all of their issues,” they said in a joint statement Friday.
Also Read: Ryan Kavanaugh Wants to Move on From Relativity: 'That Guy Was Kind of an A-hole'
The dispute had centered around Kavanaugh’s Esx, in which moviegoers can invest in individual Hollywood studio films, much like Wall Street investors do.
Kavanaugh’s...
News broke on Friday that Spar, who once served as CEO of Kavanaugh’s exchange, had filed a lawsuit in Los Angeles Superior Court accusing Kavanaugh of fraud and claiming that Kavanaugh persuaded him to go into business with him under false pretenses. Kavanaugh, meanwhile, filed a lawsuit accusing Spar of breach of contract and unfair competition.
“Ryan Kavanaugh, along with his company Esx, and Elon Spar and his team have satisfactorily resolved all of their issues,” they said in a joint statement Friday.
Also Read: Ryan Kavanaugh Wants to Move on From Relativity: 'That Guy Was Kind of an A-hole'
The dispute had centered around Kavanaugh’s Esx, in which moviegoers can invest in individual Hollywood studio films, much like Wall Street investors do.
Kavanaugh’s...
- 6/7/2019
- by Trey Williams
- The Wrap
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