September 14, 2023
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."
November 04, 2022
Former top executives at now-bankrupt MoviePass Inc. and its parent company have been charged with fraud for allegedly duping investors through false representations about the subscription service's profitability.
September 27, 2022
The top executives of now-bankrupt movie ticket subscription service MoviePass and its parent company were hit with a suit from the U.S. Securities and Exchange Commission Monday, alleging the executives misled the public about MoviePass' usage and actively tried to block its heaviest users from the service due to "debilitating negative cash flows."