Published 2 years ago

Former MoviePass execs are being sued by the SEC for lying to customers

Summary by Ground News

The Securities and Exchange Commission (SEC) filed a complaint against three of its former executives, claiming they lied to investors and the public. The SEC filing targeted former MoviePass CEO Mitch Lowe and Ted Farnsworth, the former CEO of parent company Helios and Matheson Analytics (HMNY) The company filed for bankruptcy in 2020.

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Variety

Former MoviePass Execs Accused of Fraud by SEC

MoviePass was founded on a lie, the Securities and Exchange Commission alleged in a complaint filed on Monday night. The company introduced its $9.95-a-month, all-you-can-watch subscription plan in…

2 years ago·Los Angeles, United States

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Deadline

Former Top MoviePass Brass Sued For Fraud By SEC

The U.S. Securities and Exchange Commission has sued former top execs at MoviePass and its parent company, Helios + Matheson, for fraud.

2 years ago·Los Angeles, United States

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TechCrunch

Former MoviePass execs are being sued by the SEC for lying to customers

The SEC filed a complaint against three former MoviePass executives, claiming they lied to investors and the public about unlimited movie service.

2 years ago·United States

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The Hollywood Reporter

Former MoviePass Execs Sued By SEC

As MoviePass works toward a relaunch under new leadership, the SEC is taking action against three former execs for alleged federal securities law violations in connection with the previous iteration of the service.

2 years ago·Los Angeles, United States

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