Ex-MoviePass Execs Beat Some Claims In SEC's Fraud Suit
By Katryna Perera ( September 14, 2023, 10:56 PM EDT) -- A New York federal judge trimmed a U.S. Securities and Exchange Commission suit accusing former top executives at now-bankrupt MoviePass Inc. of duping investors through false and misleading statements about the subscription service's profitability, ruling Thursday that the agency has identified a scheme but fell short in proving that the misstatements were made "to obtain money or property."...
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