MoviePass Parent Company Under Investigation in New York After Fraud Accusation

  • The Wrap
The New York Attorney General’s office has opened a probe into Helios and Matheson Analytics Inc, owner of MoviePass, to determine if the company misled investors about its finances.

CNBC reports that the investigation is still in early stages. A spokesperson for the New York Attorney general’s office declined to comment, but told TheWrap a statement is forthcoming, likely before Friday.

“We are aware of the New York Attorney General’s inquiry and are fully cooperating,” Helios and Matheson said in a statement provided to TheWrap. “We believe our public disclosures have been complete, timely and truthful and we have not misled investors. We look forward to the opportunity to demonstrate that to the New York Attorney General.”

Also Read: MoviePass Films Greenlights Horror Film 'The Reckoning' from 'Hellboy' Director Neil Marshall

Helios and Matheson was accused in August of defrauding shareholders with misleading
See full article at The Wrap »

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