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IN RE HELIOS AND MATHESON ANALYTICS, INC. SECURITIES LITIGATION
Case Number:
1:18-cv-06965
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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December 11, 2020
MoviePass Parent Co. Investors Announce $8.25M Settlement
Former executives from the nonoperational MoviePass app and its parent company have agreed to pay $8.25 million to end investors' New York federal court claims that they misled the public on the profitability of the moviegoing subscription service before the stock bottomed out, investors said Friday.
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July 16, 2019
Investors Fight MoviePass Owner's Bid To Nix Stock-Drop Suit
Investors in the parent company of the currently nonoperational MoviePass app said Monday that their claims of misrepresentations about the cinema subscription service's viability are too detailed to be dismissed.
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February 26, 2019
Helios Tries To Escape Stock-Drop Suit Over MoviePass Woes
Helios and Matheson Analytics Inc. investors failed to show that the company knowingly deceived shareholders and caused a stock drop when the business model of MoviePass Inc., in which Helios held a majority stake, proved unsustainable, Helios said Monday in New York federal court in a bid to toss the case.