Home » General World News » The New York Attorney General is investigating MoviePass’ owner for allegedly misleading investors (HMNY)

The New York Attorney General is investigating MoviePass’ owner for allegedly misleading investors (HMNY)





ted farnsworth mitch lowe

New York Attorney General Barbara Underwood has launched an investigation into the parent company of popular movie-ticket subscription service MoviePass for allegedly misleading investors, according to CNBC.

The attorney general’s office is probing whether Helios and Matheson (HMNY) “misled the investment community regarding the company’s financials,” CNBC reported, citing a “source familiar with the matter.” The investigation is in its “early stages,” according to the report.

Neither the attorney general’s office nor the company immediately returned requests for comment from Business Insider.

Business Insider reported in August that Helios and Matheson had covered hundreds of millions in losses by read more >>>

Source:: BusinessInsider.Com

Comments are closed.